January 27, 2021 Janet Yellen confirmed as U.S. Treasury Secretary

Janet Yellen was confirmed by the U.S. Senate, receiving 85 out of 100 votes. She is the first woman to chair the Federal Reserve and also the first Federal Reserve chair to also serve as Secretary of Treasury. Secretary Yellen has expressed her opinion on cryptocurrencies, which can be best described as casually optimistic. During her prepared Senate remarks Yellen acknowledged that crypto assets have “potential benefits for the U.S. and [its] allies,” while also recognizing their potential for misuse.