Viral video of Treasury Secretary Janet Yellen talking about crypto is a satirical deepfake

The fake video of Yellen discussing deregulation has fooled some into believing she has changed course on cryptocurrency concerns.

US Treasury Secretary Janet Yellen has maintained for a long time There should be more government and regulatory oversight of non-bank cryptocurrency markets. In FebruaryIn an opening statement to the Senate Banking, Housing and Urban Affairs Committee, he said non-bank financial institutions, including cryptocurrencies, "present potential risks to the financial system."

But a recent published video clip to social media seems to show her saying that instead of regulating cryptocurrencies, the government is going to "inflate" cryptocurrency market limits.

"The lawyer has discussed cryptocurrency regulations and legislation at length, and we have come to the conclusion that instead of regulating... we are going to increase its market capitalization to over a billion, 300 million trillion," he allegedly says. in the video.

An X user posted the video with the caption"Janet Yellen on this crypto cycle...wow."

"BREAKING: US Treasury Secretary Janet Yellen Speaks Out Remarkably About Cryptocurrencies". another title said. This title X says"BREAKING: US Treasury Secretary Janet Yellen provides important update on cryptocurrencies".

THE QUESTION

Is the video of Janet Yellen talking about cryptocurrencies real?

THE SOURCES

THE ANSWER

No, the video of Janet Yellen talking about cryptocurrencies is not real. It's a deepfake and it's clearly satire.

WHAT WE FOUND

Deepfake videos, like this clip of Yellen, are created using artificial intelligence programs that can be used to replace or synthesize faces, speech or expressions of emotions.

The viral video was created using an existing video of comments Yellen made on November 10, 2023, at a press conference following bilateral meetings with Vice Premier He Lifeng of the People's Republic of China. The press conference was held in San Francisco, California.

Using InVid, a video forensics tool, VERIFY analyzed key frames from the viral video and performed a reverse image search of the frames. This is how we were able to find the original video posted on CNBC YouTube Channel on November 10, 2023.

In both videos, the original and the viral deepfake, the podium and the background are the same. Yellen is wearing the same outfit, she has the same hairstyle and the CNBC logo can be seen in both clips.

What makes it clear that the viral video is fake is the audio. The audio heard in the video does not match Yellen's lip movements and the statement she made at the end of the video, including profanity, are clear indicators that the video is fake and intended as satire.

C-SPAN, which televises federal government proceedings and other public affairs content, also covered Yellen's November 2023 comments and posted the video on C-SPAN's website.

According to transcripts of the press conference published by C-SPAN and the US Department of the Treasury, Yellen and Lifeng met in November for two days to discuss the economic relationship between the United States and China. At no point in her comments did Yellen curse, mention cryptocurrencies, or talk about regulating the bitcoin markets.

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