The team of the new US president, Joe Biden, is looking to the services of Janet Yellen to lead the economic policy of the next administration, which will have to overcome the debris left in the wake of the Corona virus.
As President-elect Biden continues to complete his list of appointees, he has appointed Obama's Federal Reserve Chairman to lead the economic policy of his administration.
and according to the Wall Street Journal published Monday, the Biden team is planning to nominate Janet Yellen as Treasury secretary.
and former US Democratic president, Barack Obama, originally appointed Leann to the Federal Reserve in 2014, where she remained until early 2018.
In a period filled with a massive expansion in general knowledge of cryptocurrencies and ended immediately after Bitcoin's dramatic rise in 2017, Yellen was constantly criticizing the field, describing Bitcoin as useless in October. 2018.
However, times have changed dramatically in just two years. At the end of 2017, Yellen rejected the idea that the Fed was considering issuing a digital dollar. Meanwhile, over the course of 2020, the Fed has clearly begun to take this possibility seriously.
For her part, Yellen appears to have been silent about cryptocurrencies since leaving the Federal Reserve and going to work for a think tank. Its position on the matter remains undetermined.
If approved by the Senate, Yellen would be the first woman to serve as treasury secretary.
and although recent public statements indicate that it will be more willing to expand spending than incumbent Stephen Mnuchin, who recently criticized ending several emergency lending programs, However, it is widely seen as a moderate candidate.
The Treasury Department has increasingly dealt with digital currencies over the past year.
offices within the Treasury include the Financial Crime Enforcement Network, the IRS and the Office of the Comptroller of the Currency, all routinely making headlines for the growing interest it attaches to the industry.
