A top Federal Reserve official recently made a blunt statement about the cryptocurrency market, calling digital assets 'basically useless' during public remarks. The Minneapolis Federal Reserve President's dismissive stance reflects ongoing tension between traditional banking institutions and the crypto sector. His comments highlight the skepticism some central bank leaders maintain toward decentralized finance and blockchain-based assets, even as institutional adoption grows globally. Such criticism from high-ranking monetary policy figures often sparks debate within the crypto community about the long-term viability and practical applications of digital currencies versus established financial systems.