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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
14 Likes
Reward
14
4
Repost
Share
Comment
0/400
BagHolderTillRetire
· 3h ago
The Federal Reserve is rambling again... They sound nice, but they just haven't figured it out.
View OriginalReply0
MetaverseHermit
· 3h ago
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?
View OriginalReply0
just_vibin_onchain
· 4h ago
Kashkari is at it again, always saying crypto is useless... Bro, have you used it before jumping to conclusions?
View OriginalReply0
MagicBean
· 4h ago
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.