“U.S. Treasury Secretary say Crypto Rules Should Match Traditional Financial System

U.S. Treasury Secretary say crypto rules should match traditional financial system

U.S. Treasury Secretary Janet Yellen wants to put the crypto industry on the same level and facing the same rules as the traditional U.S. financial system.

Yellen will make the case that finance – including the newest innovations from the crypto industry – should be subject to consistent, “tech neutral” rules that protect people from fraud and misleading statements regardless of whether assets are stored on a balance sheet or distributed ledger.