Cameron Winklevoss Applauds Yellen’s Statement on Crypto Executive Order
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Janet Yellen Release Statement on Crypto Executive Order
In a press release dated March 9 but published on March 8, Yellen said that the crypto executive order will ‘support responsible innovation that could result in substantial benefits for the nation, consumers, and businesses.’
The statement suggested that the executive order will have global implications, as the government intends to work with international partners to promote robust standards and a level playing field.
Yellen also said that Treasury will be guided by consumer and investor protection groups, market participants, and other leading experts and that:
“Treasury will work to promote a fairer, more inclusive, and more efficient financial system, while building on our ongoing work to counter illicit finance, and prevent risks to financial stability and national security."
Cameron Winklevoss Applauds Yellen’s Statement
Many applauded Yellen's remarks calling it for a bullish move for the crypto community including Gemini's Cameron Winklevoss saying that the impending crypto order supports responsible innovation.
"Based on remarks, crypto EO is positive and calls for coordinated and comprehensive approach to digital asset policy that will support responsible innovation," Gemini Trust's Cameron Winklevoss tweeted.
The executive order is expected to be signed by U.S. President Joe Biden on Wednesday.
