Janet Yellen was just unanimously approved by The U.S. Senate Finance Committee for Treasury secretary. She’s taking over from Mnuchin, and is so far not off to a good start regarding cryptocurrency.

Earlier this week she said that cryptocurrencies are “a particular concern” when it comes to criminal activity and terrorist financing.

“I think many [cryptocurrencies] are used, at least in a transaction sense, mainly for illicit financing."

Forbes contributor Hailey Lennon noted in a recent article that Yellen is just plain incorrect. The money laundering tool of choice is still the good old US Treasury.

Including archival footage of me on the Stossel Show in 2014 talking about Bitcoin

Follow Hailey here:
https://twitter.com/HaileyLennonBTC

To make a tax-deductible (in the US) donation to NBTV, visit https://www.nbtv.media/support

Sign up for the free CryptoBeat newsletter here:

https://cryptobeat.substack.com/

Support the show