Janet Yellen Advocates for Increased Regulation in Crypto and Real Estate Industries.

Treasury Secretary Janet Yellen has expressed support for additional regulation of cryptocurrency to protect consumers and investors, stating that there are "holes in the system" that require attention. This comes as the SEC has filed lawsuits against cryptocurrency exchanges Binance and Coinbase for violating securities rules. The SEC accuses Coinbase of operating as an unregistered broker, while New Jersey has issued a summary cease and desist order against Coinbase for the sale of unregistered securities. The SEC has accused Binance and its CEO of committing breaches of the Securities Act and the Exchange Act.