U.S. Treasury supports the digital dollar project

Treasury Secretary Janet Yellen represents the crypto-regulation camp. She periodically declares the need for investor protection and transparency in the digital currency market.
Last Wednesday, Yellen reiterated her support for legalizing the blockchain industry as soon as possible. She recalled that the collapse of the Terra ecosystem and its UST stablecoin in May 2022 dealt a major blow to investors.
The only way to protect people who have invested their capital in digital assets is to implement a regulatory framework. The Ministry of Finance is ready to work with Congress to speed up the development of legislation.

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