Bitcoin and the U.S. Fiscal Reckoning
Publish Date: 21-09-2021
Source: National Affairs
Author(s): Avik Roy
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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