US Congressman stands against cryptos

Published by Live Coin Watch.

However, there are also many who are opposing the idea, pointing out potential risks, and not wanting to change the traditional methods. The concept reached the Wednesday’s hearing, and R Street Institute’s senior fellow, Alex Pollock, stood against it, saying that it is the worst financial idea that has been conceived lately.

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Congressional hearing on the future of money & crypto: “These innovations should be fostered not smothered”

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US Congress hearing: Central bank digital currency ‘one of the worst financial ideas’