Janet Yellen Lets Slip Some Early Details About Biden’s Executive Order on Crypto

The Treasury Secretary, Janet Yellen, praised Joe Biden’s executive order regarding digital assets in a statement on the Treasury’s website on Tuesday.

U.S. Treasury Secretary Janet Yellen praised President Joe Biden’s executive order regarding digital assets in a statement on the Treasury’s website on Tuesday. 

In the statement, which has been removed, Secretary Yellen remarked that it strikes the right balance between fostering innovation and addressing potential risks.

Janet Yellen Accidentally Released a Statement a Day Earlier than Intended

Yellen’s statement ended was released a day earlier than intended due to an error, but was quickly deleted. 


Despite its swift removal, the statement was captured on a web archive, and, due to the fact that it was shared early, gave cryptocurrency enthusiasts an early glimpse into the details of President Biden’s soon-to-be-released executive order.

This order called for “a coordinated and comprehensive approach to digital asset policy.” Yellen’s statement expressed that the executive order could “result in substantial benefits for the nation, consumers and businesses.”

The Treasury will also continue to work with investor protection groups, as well as a variety of different experts.

On the Flipside

  • The news led to a huge increase in the value of the Bitcoin (BTC) cryptocurrency token, which rose above the $42,000 mark.

Why You Should Care

The intention of the order is to provide a fairer, more inclusive, and more efficient financial system, and will likely contribute towards ensuring that the USD remains a powerful currency for global settlements.


This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia