Former head of the US Federal Reserve System (FRS) Janet Yellen became the first woman in history to serve as Treasury Secretary. The decision on her appointment was approved by the Senate.
Yellen is known for her criticism of Bitcoin. As the head of the Fed from 2014-2018, she called the first cryptocurrency a speculative asset.
Yellen changed her rhetoric after being nominated as finance minister in November 2020. As head of the department, she pledged to consider ways to encourage the legitimate use of digital assets and to keep a close eye on the industry.
In her opinion, regulators can use the advantages of cryptocurrencies to improve the efficiency of the financial system.
In July 2017, Yellen’s appeal to the Financial Services Committee of the House of Representatives of the US Congress was interrupted by an unknown man holding a poster urging to buy bitcoin.
In 2018, the founder of the digital gifts service Biterica, Raz Suprovici, sent 0.0031642 BTC to the ex-head of the Fed (~ $ 20 at the time of the transaction).
In November 2020, Morgan Creek Digital co-founder Anthony Pompliano called Yellen’s appointment as US Treasury Secretary good news for Bitcoin.
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