Treasury Secretary Janet Yellen signaled broad support for US financial regulators during an interview with CNBC’s Squawk Box. The comments follow hot on the heels of this week’s SEC lawsuits against Binance and Coinbase, the two largest crypto exchanges.
In an interview with CNBC’s Squawk Box on Wednesday, Treasury Secretary Janet Yellen conveyed her backing of Gary Gensler’s aggressive strategy at the Securities and Exchange Commission (SEC). She also voiced her approval of the Commodities Futures Trading Commission (CFTC).
Yellen Is “Very Supportive”
Speaking to Andrew Ross Sorkin, the show’s co-anchor, Yellen said she was “very supportive” of regulatory agencies. And agreed with their use of the tools that they have to push a tough agenda.
Her comment has added weight given that the SEC just announced two major lawsuits against Binance and Coinbase. They are, respectively, the largest and second-largest…
