The US government is collaborating with other nations to regulate crypto assets, according to Treasury Secretary Janet Yellen. Yellen emphasized the need for a robust regulatory framework for the emerging asset class, but she did not suggest an outright ban on crypto activities. Yellen made the remarks during an interview at the G20 meeting in Bengaluru, India, where India introduced a bill to regulate the crypto market. However, India’s central bank wants to ban digital assets on the grounds that they resemble a Ponzi scheme. To raise awareness of the broader implications of crypto assets, India organized a seminar during the G20 meeting. The event triggered a more extensive dialogue on crypto assets, and policymakers and regulators are expected to examine the policy issues raised more closely. Finance Minister Nirmala Sitharaman has previously stated that establishing a global framework for crypto is essential, given the advanced technology involved in digital assets.