Former US Treasury Secretary: Bitcoin "Has The Potential to Be a Very, Very Important Development"
Larry Summers pictured in 2000. Source: United States Department of the Treasury. Larry Summers, former United States Secretary of the Treasury (from 1999-2001) made some interesting statements on bitcoin during the National Association for Business Economics Policy Conference to Politico's Morning Money. "I think Bitcoin has the potential to be a very, very important development," he said, which would possibly come to the surprise of many in the digital currency community. "I think that we are seeing many, many sectors of our economy be transformed by information technology and certainly....
Related News
U.S. Treasury Secretary Janet Yellen will convene a meeting with the Biden administration’s working group on financial markets to discuss stablecoin regulation. “In light of the rapid growth in digital assets, it is important for the agencies to collaborate on the regulation of this sector and the development of any recommendations for new authorities,” said Yellen. US Government Discussing Stablecoin Regulation U.S. Treasury Secretary Janet Yellen announced Friday her plans to discuss the regulation of stablecoins. She will convene a meeting on July 19 of the....
Former U.S. treasury secretary and chief economist at the World Bank, Larry Summers, says cryptocurrency will do better regulated in a sound way instead of being treated as a libertarian paradise. Larry Summers Sees Crypto Benefiting From Strong Regulation Lawrence Summers, who served as the Secretary of the Treasury in the Clinton administration and director of the White House National Economic Council in the Obama administration, talked about cryptocurrency regulation during an interview with Bloomberg Friday. A former chief economist at the World Bank, Summers is currently Harvard....
Former US Secretary of the Treasury under President Bill Clinton and past President Emeritus of Harvard University Lawrence Summers has indicated that he believes bitcoin to be a "very, very important development". As treasury secretary, Summers is said to have played an integral role in the US handling of several world financial crises, and his prior positions include serving as chief economist at World Bank from 1991 to 1993. The remarks came after Summers' speech at the National Association for Business Economics policy conference on 24 February, in which he addressed a wide range of....
U.S. Treasury Secretary Janet Yellen says the Treasury Department is monitoring Russian efforts to evade sanctions using cryptocurrency. Four U.S. senators have written to Yellen raising concerns about Russia using cryptocurrency as a channel to circumvent sanctions.
Treasury Secretary Janet Yellen on Monitoring Russian Efforts to Use Cryptocurrency to Evade Sanctions
U.S. Treasury Secretary Janet Yellen talked about the Treasury Department monitoring Russian efforts to evade sanctions using crypto at an event hosted by the University of Illinois Wednesday, the Wall Street....
Treasury Secretary Yellen says the regulatory frameworks for crypto assets in the U.S. should “support responsible innovation while managing risks.” She emphasized, “Regulation should be based on risks and activities, not specific technologies.”
Treasury Secretary Yellen on Crypto Regulation
U.S. Treasury Secretary Janet Yellen talked about crypto regulation Thursday at American University’s Kogod School of Business Center for Innovation.
“Digital assets may be relatively new, but they are part of a larger trend – the....