Bitcoin (BTC) news: Fed's Kashkari says crypto is 'utterly useless'

Bitcoin (BTC) news: Fed's Kashkari says crypto is 'utterly useless'

The Minneapolis Fed president said stablecoins don’t beat Venmo and argued crypto fails basic real-world tests.

Fed President Slams Crypto As ‘Utterly Useless' Compared To AI, Labels Stablecoins A ‘Buzzword Salad’

Minneapolis Federal Reserve President Neel Kashkari on Thursday dismissed crypto as “utterly useless” in comparison to AI and tore into stablecoins.

Kashkari vs Crypto: Minneapolis Fed Chief Calls Industry ‘Utterly Useless’

Fed official slams crypto as “utterly useless” amid strong U.S. economy signals, raising regulatory and market concerns for digital assets.

‘Cryptocurrency is Useless’: No.1 US Fed Slams Crypto

The cryptocurrency discussion now extends beyond market evaluations because it has evolved into a determination of industry objectives. The recent criticism has become more intense. The recent period led to a situation where he encountered multiple challenges that required his attention. Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, expressed his opinion during a panel discussion. He described cryptocurrency as a concept t…

Fed's Neel Kashkari Criticizes Crypto as "Utterly Useless"

Neel Kashkari shares a stark criticism of cryptocurrencies and stablecoins. The Fed President calls crypto utterly useless, stating that they lack real-world utilities. Kashkari also pointed out the inconsistencies of cross-border stablecoin payments.  Neel Kashkari, the Minneapolis Federal Reserve President, has taken a sharp stance against the crypto industry. In his latest statement, he addressed crypto assets as “utterly useless” and warned …