What was the Fed Governor's extremist position on cryptocurrencies?

lupafilotaxia (75)in Project HOPE • 2 years ago

Back with all of you, today I want to share some thoughts on a controversial news that particularly caused me a lot of uncertainty, I am referring specifically to the extremist statements against cryptocurrencies by Christopher Waller, current governor of the Federal Reserve of the United States.

Although, the Fed's actors during all this time or rather since the origin of cryptocurrencies have been open to the market, and even in some way have defended cryptocurrencies against attacks from powerful countries such as China and Russia.

Paradoxically, in recent times it has been precisely the FED actors who have been promoting regulatory campaigns against the cryptocurrency market, in a context that has triggered a lot of uncertainty in the ground that cryptocurrencies had gained with decentralized finance.

A new chapter has been added to these regulatory campaigns, this if we take into account the recent statements of the Fed governor who openly stated that he would not be surprised if the value of cryptocurrencies reaches zero.

Waller's statements were gathered from his participation in the Global Interdependence Center Conference: Digital Money, Decentralized Finance and the Crypto Puzzle. From my perspective these types of positions are malicious and have a negative purpose against the cryptocurrency market.