While there was, as ever within the late U.S. presidential administration, a great deal of confusion and cross-purposes around its policy, such as it was, towards bitcoins and all matters cryptocurrent, the general attitude of Donald Trump was, as befitting a man of his awful generation and even more awful movement, one of clear hostility borne of ignorance and fear. And while there may be a good deal less willful and principled ignorance and conspiratorially-minded fear within the new Biden administration, the hostility looks to be a key point of continuity in this not-particularly-peaceful transfer of power.

During Yellen's Tuesday confirmation hearing before the Senate Finance Committee, Sen. Maggie Hassan (D-N.H.) asked Yellen about the use of cryptocurrency by terrorists and other criminals.

"Cryptocurrencies are a particular concern," Yellen responded. "I think many are used—at least in a transactions sense—mainly for illicit financing."

She said she wanted to "examine ways in which we can curtail their use and make sure that [money laundering] doesn't occur through those channels."

And thanks to her predecessor, she’ll have a lot more information with which to do it.

Treasury nominee Yellen is looking to curtail use of cryptocurrency [Ars Technica]

Related

By US government [Public domain], via Wikimedia Commons

Joe Biden Getting Gary Gensler A New Friend

And she doesn’t like cryptos any better than him.

Courtesy Federal Reserve.

Joe Biden Getting The Band Back Together

Janet Yellen gets her reward for putting up with Donald Trump for a year.

PowellYellen

Janet Yellen Is Not Making This Easy For Jay Powell

Now is not a great time to emphasize that the two of you are basically the same person.

Trump.Yellen

President-Elect Trump Gets Rise Out Of Janet Yellen

Fed chair to Trump: I see your fiscal stimulus and raise you 25 basis points.

(Getty Images)

Compassion For Bernie Madoff In Pretty Short Supply

U.S. District Judge Denny Chin understands math and actuarial tables as well now as he did 11 years ago.

Janet Yellen Was Freaking Out Six Years Ago

About the recovery and also her 401k.