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Crypto Industry Counterattacks White House’s Anti-Crypto Economic Report

Crypto industry leaders and influencers took to Twitter to denounce the White House’s annual economic report saying crypto has no value. The White House’s annual economic report to Congress considers crypto assets as speculative investment vehicles and harmful for investors, stablecoins risk bank runs. The report also doubts the benefits of crypto including store of value, effective means of payment, and economic benefits of DLT technology.

(By Varinder Singh)

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