President’s Economic Report Blasts Crypto for ‘Ignorance of Basic Economic Principles’ – Decrypt
The White House today poured cold water on crypto, accentuating the negative aspects of digital assets throughout a massive, 513-page annual report. The first reference to digital assets in the 2023 Economic Report of the President-issued along with a yearly update issued by the Council of Economic Advisers-asserts that “blockchain technology has fueled the rise of financially innovative digital assets that have proven to be highly volatile and subject to fraud.”
