Former ‘Plunge Protection Team’ Member Backs Cryptocurrencies

Dr. Pippa Malmgren, a US policy analyst and former member of the Working Group on Financial Markets, a government entity better known by its nickname, the “Plunge Protection Team” has recently been quoted extolling the virtues of cryptocurrencies.

The analyst was interviewed regarding a number of different topics, but Blockchain and the future of centralized currencies came up. Dr. Malmgren said that she understood the draw to cryptocurrencies, especially for governments seeking control of black markets, and for simpler systems to draw tax revenue from transactions.