U.S. Treasury Secretary
Janet Yellen said on CNBC’s Squawk Box on June 7 that she supports U.S. financial
regulators ’ attempts to “protect consumers and investors involved in cryptocurrencies,” saying: “
The SEC ,
CFTC , and other regulators have capabilities and tools to protect consumers and investors, and I ... am very supportive of these agencies using the tools they have."
In addition to supporting law enforcement against crypto companies, Yellen believes that "additional regulation" of crypto companies is appropriate and would like to see Congress act, saying: "I see some holes in the system that require additional regulation. We want to work with Congress cooperates to pass more legislation."
