Biden Administration's Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’
The report argues that cryptocurrencies do not perform well as a medium of exchange due to their limited acceptance and high volatility, which prevents them from being reliable stores of value. The White House also believes that there is a conflict of interest when crypto assets are seen as both a form of money and an investment vehicle. “In summary, in addition to being speculative assets, cryptocurrencies are currently ineffective alternatives to sovereign money, such as the U.S.
Biden Administration Insists Defi Platforms ‘Should Be Operating in Compliance With Existing Regulations and Rules’
This week BTC Price 33000k 2023 New R
They have just described the US banking system hehe
Great now remove all taxes on bitcoin tplease. It is worthless . 🤣🤣
And what is effective?
Here Biden Admin are praising proof of stake crypto, on the other hand SEC is cracking down on proof of stake crypto's as securities... Only the fool will be tricked into believing that they are indeed really glad to have crypto around... they want it all gone !
How about bank savings,gold and USD…. It is the highest risky assets
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Stablecoins pose significant risk...the only reliable one is Tether as alternative to the US dollar. Bitcoin as speculative asset & Ethereum as a store of value and a means of transaction that could replace fiat. The rest of the tokens are ponzi schemes.
Banks fail and yah printing money out of thin air. ?
They’re lying
What's this old bag saying despite banks failing crypto is worthless...my ASs 😂
Effective for who?
Unlike the dollar….
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Brilliant, but using ChiefraFba for signals and analysis