White House report on crypto
The White House has recently published the 2023 Economic Report of the President, which says that cryptocurrencies do not have a fundamental value and are not a reliable substitute for traditional money. The report also highlights that digital assets are highly unstable and prone to fraud.
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This statement can be interpreted as a further push against the cryptocurrency industry. However, it can also be viewed as evidence of the rapidly changing landscape, not just geopolitically. The political elites and regulators are still trying to understand the implications of this new technology.
Dear Joe, if you want to experience the stark difference between traditional banking and crypto, the next time you visit Ukraine, try receiving a SWIFT transfer at any bank. Then, try making a USDT transaction to support the Ukrainian Armed Forces with just a few clicks, and the contrast will be crystal clear.
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