April 25, 2024
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Cryptocurrency Doesn’t Amount to Much – The Wall Street Journal

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The cryptocurrency foyer plans to spend tens of hundreds of hundreds of dollars this yr serving to its largest holders convert their holdings into exact money. They’re Looking for A method to spin their crypto straw into gold. Lawmakers and regulators ought To ignore the hype.

Urging America to “lead in innovation,” crypto lovers tout the innovation of the blockchain. And it’s true that blockchains obtain bookkeeping And by no means using a bookkeeper And permit people to make transactions anonymously and shortly. However the innovation Almost ends there.

Source: https://www.wsj.com/articles/cryptocurrency-doesnt-amount-to-much-bitcoin-stablecoins-lobby-innovation-finance-11643063060