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Fortune
Fortune
Marco Quiroz-Gutierrez

Treasury Secretary Janet Yellen 'very supportive' of SEC using enforcement power against Binance and Coinbase

Janet Yellen (Credit: Alex Wong—Getty Images)

Just hours after the Securities and Exchange Commission raised questions about the future of crypto in the U.S. by suing Binance and Coinbase, Treasury Secretary Janet Yellen said she's “very supportive” of the agency using its enforcement powers.

In an interview on CNBC on Wednesday, Yellen pointed out that under U.S. law the SEC and the Commodity Futures Trading Commission have tools at their disposal to protect consumers and investors.

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