INDUSTRY NEWS Janet Yellen yells "regulations, please!" Phew, what a busy month it was for US politics and cryptocurrency, two things we never thought we’d see in the same sentence.

A revised world order and the inauguration of President Joe Biden also means a whole new working team. Janet Yellen was appointed the new US Treasury Secretary, and last week she said, ‘cryptocurrencies are mostly used for money laundering.’

This week, she clarified her stance on cryptocurrency after being criticized and softened her remarks by acknowledging the benefits. "Like many technological developments, this offers potential benefits for the U.S. and our allies." Yellen is standing by her views that regulation is needed, but have not clarified in which way. Do you think cryptocurrency can be regulated?

Institutions still bullish over bitcoin. If 2020-2021 teaches us anything, it’s that institutions are bullish about cryptocurrency. The latest big name? Rothschild Investment has recently increased its position in Grayscale Bitcoin Trust by 24% to 30,454 shares.

Rothschild currently manages US$1.4 billion.

This further highlights the value of alternative, digital assets in portfolio diversification for institutional money managers. It also proves cryptocurrency’s stance as a viable asset class.