We know that cryptocurrencies are getting more and more popular day by day. This rapidly rising popularity also causes new news to appear every day and important developments related to these technologies. Of course, the opinions of countries and authorities about cryptocurrencies are also of great importance.
Many authorities around the world are divided about cryptocurrencies just like other people. While some think that cryptocurrencies can be really useful, others have different views on whether they can be used for criminal purposes. It is possible to say that one of the countries where this happened is the USA. Now, the news has revealed what the US Treasury Secretary thinks about cryptocurrencies and has led to results that will please investors.
The Secretary of the Treasury praised cryptocurrencies, BTC is on the rise
United States Secretary of the Treasury Janet Yellen shared her thoughts on cryptocurrencies in her statements to the country’s media outlets. Despite the ongoing debate in the country and the negative statements of senators such as Elizabeth Warren about cryptocurrencies, Yellen made statements that will please investors about these technologies.
According to the news of Uzmancoin, the Minister told CNBC that he still has doubts about cryptocurrencies; however, he stated that he also accepted that these currencies are useful. Yellen also drew attention to the serious growth that cryptocurrencies have experienced recently, emphasizing that they have become the favorite of investors, and drew attention to the decree signed by President Joe Biden, which we have conveyed to you in the past weeks.
“Provides benefits in matters such as payment systems”
Stating that cryptocurrencies play an important role in the investment decisions of many Americans, Yellen said that these technologies are used in areas such as payment systems and innovation. He added that it has many benefits. However, the 75-year-old politician; She also stated that she had doubts about illegal use, financial stability and protection of investors.
After these statements of the minister, the leading cryptocurrency Bitcoin (BTC) rose above 45 thousand dollars. Bitcoin, which later fell below $ 45 thousand, is trading around $ 44,600 at the time of writing this news.
Yellen, lastly, emphasized that the Ukraine war affected commodity prices and stated that the US plans to reduce its dependence on Russia in the short term, adding that they do not consider it appropriate to impose sanctions on China. Speaking about the Fed’s interest rate decision, the minister added that he is optimistic and that the interest rate will return to normal.
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