<p><span style="font-weight: 400;">Treasury Secretary Janet Yellen may be leaving office after the midterm elections in November, Axios </span><a href="https://www.axios.com/2022/09/28/janet-yellen-treasury-midterms-shuffle?utm_source=twitter&amp;utm_medium=social&amp;utm_campaign=editorial"><span style="font-weight: 400;">first reported</span></a><span style="font-weight: 400;">, without giving a specific source.</span></p> <p>The White House did not confirm that Yellen and National Economic Council Director Brian Deese are expected to leave the administration.</p> <p><span style="font-weight: 400;">Yellen in May </span><a href="https://www.theblock.co/linked/146048/us-treasury-secretary-yellen-points-to-ust-slip-asks-for-new-stablecoin-legislation-by-the-end-of-2022"><span style="font-weight: 400;">cited</span></a><span style="font-weight: 400;"> the TerraUSD collapse in support of new stablecoin legislation; however, she has generally shown </span><a href="https://www.theblock.co/post/141010/treasury-secretary-yellens-first-speech-on-crypto-will-focus-on-existing-laws-except-for-stablecoins"><span style="font-weight: 400;">restraint</span></a><span style="font-weight: 400;"> in public on crypto regulation guidance.</span></p> <p><span style="font-weight: 400;">Deese, who spoke of the benefits behind working with the digital asset community to mitigate risks and harness the benefits of digital assets this month, has drawn criticism as the Biden administration has stepped up enforcement efforts.</span></p> <p><span style="font-weight: 400;">Yellen, who has served as Treasury secretary since January 2021, has not said she has any plans to leave the administration, a spokesperson said.</span></p><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>