White House Takes Aim at Crypto in Scathing Economic Report

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White House Takes Aim at Crypto in Scathing Economic Report

"It has been argued that crypto assets may provide other benefits, such as improving payment systems, increasing financial inclusion, and creating mec

“It has been argued that crypto assets may provide other benefits, such as improving payment systems, increasing financial inclusion, and creating mechanisms for the distribution of intellectual property and financial value that bypass intermediaries that extract value from both the provider and recipient. Looking under the hood at these arguments, however, shows a more complicated picture. So far, crypto assets have brought none of these benefits,” the report said.

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