Friday , February 14th 2020
Minneapolis Federal Reserve President Neel Kashkari, at a recent event, made waves after he said that cryptocurrencies are "like a giant garbage dumpster," and that they lacked the basic characteristics of any stable currency. According to the exec, "The reason that the dollar has value is because the US government has a legal monopoly on producing the dollar. In the virtual-currency and cryptocurrency world, there are thousands of these garbage coins out there[….]and finally, the SEC is getting involved in cracking down on this."