Minneapolis Federal Reserve President Neel Kashkari has reiterated the central bank's skepticism toward cryptocurrency, claiming that digital assets offer little practical utility for everyday consumers. In recent comments, Kashkari argued that crypto's current use cases fail to demonstrate meaningful value in consumer transactions, positioning the Federal Reserve's cautious stance on digital assets. The remarks underscore ongoing concerns from U.S. regulatory authorities regarding cryptocurrency adoption and consumer protection in the broader digital finance ecosystem.
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DefiEngineerJack
· 12h ago
lmao kashkari really out here talking about "practical utility" while his monetary policy literally destroys purchasing power every quarter... *technically speaking* he's just cope-maxing because cefi can't compete with transparent, on-chain settlement. show me formal verification on the fed's balance sheet or it didn't happen
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SelfSovereignSteve
· 14h ago
Nah Kashkari is still pretending... Just because the mainstream hasn't adopted it, they say it's useless. How has BTC been alive for over ten years then? 🤔
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GasOptimizer
· 14h ago
NGL, Kashkari is not entirely wrong, but this guy clearly hasn't used truly decentralized stuff... The traditional finance system is already outdated.
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BagHolderTillRetire
· 01-14 22:14
The Federal Reserve is rambling again... They sound nice, but they just haven't figured it out.
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MetaverseHermit
· 01-14 22:03
Nah Kashkari is rambling again, really annoying... Every time the Fed people use the same rhetoric, I just ask, haven't you figured out yourselves why you're so eager to deny?
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just_vibin_onchain
· 01-14 21:53
Kashkari is at it again, always saying crypto is useless... Bro, have you used it before jumping to conclusions?
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MagicBean
· 01-14 21:49
lol Kashkari is back again, using the same old lines... Basically just afraid of losing control.
Minneapolis Federal Reserve President Neel Kashkari has reiterated the central bank's skepticism toward cryptocurrency, claiming that digital assets offer little practical utility for everyday consumers. In recent comments, Kashkari argued that crypto's current use cases fail to demonstrate meaningful value in consumer transactions, positioning the Federal Reserve's cautious stance on digital assets. The remarks underscore ongoing concerns from U.S. regulatory authorities regarding cryptocurrency adoption and consumer protection in the broader digital finance ecosystem.