Cameron Winklevoss Applauds Yellen’s Statement on Crypto Executive Order

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  1. Janet Yellen Release Statement on Crypto Executive Order
  2. Cameron Winklevoss Applauds Yellen’s Statement

Citing the recent statement of the U.S. Secretary of the Treasury, Janet L. Yellen on Biden’s ‘historic’ crypto executive order, the co-founder of US-based Gemini cryptocurrency exchange, Cameron Winklevoss applauded the move calling it a ‘thoughtful crypto regulation’

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.

“I applaud this constructive approach to thoughtful crypto regulation and look forward to working together with the various stakeholders to ensure that the US remains a leader in crypto,” Winklevoss added.

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