Federal Reserve Governor Neil Kashkari dismissed cryptocurrencies, including bitcoin and stablecoins, as having no clear economic potential next to artificial intelligence tools. He argued that stablecoins offer little real advantage to American consumers compared with established payment methods like Venmo, noting ongoing technical and currency-exchange frictions in everyday purchases.
Kashkari’s skepticism stands in contrast to the Trump administration, which promoted crypto as a strategic tool to bolster dollar dominance and U.S. financial influence through regulation. His remarks underscore a broader policy debate about the role of digital assets in the economy and the balance between innovation and oversight.
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