Former US Treasury Secretary Stephen Munucin has It’s listed That he personally doesn’t spend money on cryptocurrency.
Munuchin additionally emphasizes the significance of sustaining a robust US greenback.
Anti-crypto views of Munuchin's previous
Throughout his tenure, Munuchin emerged because the main cryptocurrency villain attributable to a number of anti-Bitcoin statements.
2019, Munuchin It’s listed The cryptocurrency poses a nationwide safety risk attributable to its unlawful use instances.
Beneath his management, the US Treasury proposed introducing a buyer requirement for self-hosted crypto wallets, attracting necessary backlash from lawmakers
Nonetheless, later he insisted that purchasing Bitcoin was the case. “It's completely fantastic.”
From skeptics to crypto cheerleaders
Munuchin's successor, Janet Yellen, has advocated for code laws that cut back threat, similar to fraud. Throughout a 2022 CNBC interview, Yellen stated she was nonetheless Sceptical Regardless of acknowledging that there are a number of benefits, the code is.
Just lately confirmed as the brand new US Treasury Secretary, Scott Bescent is thought particularly for his pro-cryptic perspective. Bessent additionally opposes the concept of making a central financial institution digital forex (CBDC).
