Janet Yellen yellin about Bitcoin: "I fear it's often for illicit finance...It's an extremely inefficient way of conducting transactions, and the amount of energy that's consumed in processing those transactions is staggering"

I was reading articles about the Senate hearing and the people pulling strings in the background when i came across this

https://bitcoinmagazine.com/industry-events/janet-yellen-lobby-against-bitcoin

A few paragraphs below the opening came across this:

The Treasury Secretary, however, is filled with Bitcoin fear and disgust. In February, she told CNBC that she didn't see usefulness in Bitcoin and didn't think it could be used as a transaction mechanism.

"I fear it's often for illicit finance," Yellen proceeded to tell CNBC. "It's an extremely inefficient way of conducting transactions, and the amount of energy that's consumed in processing those transactions is staggering."

Yes ban cryptos because as we all know Fiat is NEVER used for illicit finance.

How does a person who owes 1/3rd of her net worth (7mil out of 20 mil) to banks thanks to "speaking fees" get to regulate any aspect of finance baffles me! I just needed to vent man. Hope you all are having a better day than me.