5 Worldwide Government Officials Who Support Cryptocurrencies

Mistrust and friction have long characterized the cryptocurrencies-government relationship. While crypto purists swear by its holy grail of decentralization, the government insists on regulating the sector as it does many others. The result is constant bickering between both camps. Today the relationship is so unhealthy that some governments have instituted crackdowns on crypto activities within their jurisdiction. Take China, for instance. Recently it has issued decrees that have left the whole crypto sector reeling from their effects. India is another…

Treasury Secretary Nominee Yellen Will Favor Crypto Rules

The crypto industry could face renewed regulatory scrutiny over the next four years if Janet Yellen, selected by Joe Biden to head the Treasury Department, takes over management. During Tuesday's confirmation hearing before the Senate Finance Committee, Senator Maggie Hassan (D-N.H.) asked Yellen about crypto use in criminal activity. Yellen stated that cryptocurrencies are of particular concern, and she thinks they are often used for illegal financing, at least in terms of transactions. He said he wanted to investigate how…