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US Treasury Secretary Janet Yellen says digital assets could offer ‘significant opportunities’ if risks are mitigated

By Elizabeth Hearst for AMLi

Digital assets could provide “significant opportunities”, if risks are appropriately mitigated, US Treasury Secretary Janet Yellen said today. 

Speaking as the US Department of the Treasury published three reports linked to President Joe Biden’s Executive Order on Digital Assets, Sec. Yellen warned that innovation without “appropriately addressing” its impact could “result in significant disruptions and harm” to the financial system and individuals. 

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