A now-deleted statement from US Treasury Secretary Janet Yellen lays out how her department will implement the provisions of a long-awaited executive order from Joe Biden's White House.
) from the department's website, states that"Biden’s historic executive order calls for a coordinated and comprehensive approach to digital asset policy."
"This approach will support responsible innovation that could result in substantial benefits for the nation, consumers, and businesses," Yellen continued."It will also address risks related to illicit finance, protecting consumers and investors, and preventing threats to the financial system and broader economy."
Per Yellen's statement, the Treasury Department"will partner with interagency colleagues to produce a report on the future of money and payment systems.
"As we take on this important work, we’ll be guided by consumer and investor protection groups, market participants, and other leading experts," Yellen's statement concluded."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.