According to the most recent statements by Janet Yellen, Secretary of the Treasury of the United States, the banking sector requires fewer regulations. "Banks are the backbone of our economy and they have a special privilege," he told a news conference.

These are controversial comments that have not been published in most media outlets and that, according to an article in Bitcoin Magazine, also implied the suspicion of illicit activities through the financial system.

The statements are taken as an acknowledgment that it is not only the Bitcoin network that is the only avenue for illegal actions, as is often assumed. However, the Treasury Office's wake-up call was to place companies other than banks under strict supervision by the Federal Reserve.

The announcement was made in a statement reporting that the Financial Stability Oversight Board (FSOC) voted unanimously to develop a new analytical framework on non-bank financial companies. This is due to growing concerns stemming from the fact that more and more financial activity, including lending, is migrating to non-bank entities.

They refer specifically to the work of asset managers, hedge and investment funds, and other financial institutions that are currently assumed to pose risks to the financial system.

The Treasury Bureau's plan proposes significantly more oversight for some major non-bank firms in the financial sector, as noted in the brief without naming any particular company. They add that the process will be carried out in stages.

The FSOC's announcement comes in a context in which the U.S. government is not only tightening its regulatory actions on the non-bank financial group, but also on the bitcoin (BTC) ecosystem and other cryptocurrencies.

This is the other sector that also attracts the interest of the public involved in finance and to which many Americans have migrated, a reality that is evidenced by the high rate of bitcoin adoption in the country.