Janet Yellen is the 78th U.S. Secretary of the Treasury.
The former Federal Reserve chair and longtime economist secured enough votes in the Senate on Monday after a confirmation hearing on Jan. 19. Yellen was tapped by President Joe Biden to lead the Treasury Department after winning election last year. She succeeds Steven Mnuchin, who left office on Wednesday following Biden’s inauguration.
The newly minted Cabinet official hasn’t spoken much on crypto. During her term leading the Federal Reserve Board, she indicated she wasn’t a huge fan of bitcoin but called for light regulation.
Yellen joins a Treasury Department overseeing a host of crypto-related proposed rules as well implementing President Biden’s response to an economic crisis brought about by the year-long global coronavirus pandemic. During her confirmation hearing she called for “big” relief from the government to support U.S. residents.
“Neither the President-elect, nor I, propose this relief package…