Bitcoin and the U.S. Fiscal Reckoning

Publish Date: 21-09-2021

Publish Frequency:

Source: National Affairs

Author(s): Avik Roy

Type: Article

Synopsis: Cryptocurrencies like bitcoin have few fans in Washington. At a July congressional hearing, Senator Elizabeth Warren warned that cryptocurrency "puts the [financial] system at the whims of some shadowy, faceless group of super-coders." Treasury secretary Janet Yellen likewise asserted that the "reality" of cryptocurrencies is that they "have been used to launder the profits of online drug traffickers; they've been a tool to finance terrorism."

Public Link: https://www.nationalaffairs.com/publications/detail/bitcoin-and-the-us-fiscal-reckoning

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Orgs: bitcoin

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