U.S. President Joe Biden has made his key appointees. How will his decisions affect the future of the digital currency industry in the United States?
For starters, Biden’s choice for his new Secretary of the Treasury Department, Janet Yellen has clearly pointed out her take on digital currencies. She acknowledges both its benefits and its risks. In a written testimony, she mentioned that there is a “need to look closely at how to encourage their use for legitimate activities while curtailing their use for malign and illegal activities.” She plans to work closely with regulators to implement an effective regulatory framework for digital currencies and other fintech innovations.
Meanwhile, Biden’s choice for SEC chairman,…