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Mr. Daley, president of the San Francisco Fed, said cryptocurrencies should be treated as a separate asset class, not gold, and were complex and not ready to become "money".
Mr. Daley, president of the San Francisco Fed, said cryptocurrencies should be treated as a separate asset class, not confused with gold as is often the case, and were complex and not yet ready to become "money". "I think cryptocurrency is a complicated thing, and the service we need to provide for everyone is to really decipher what it means, and once we do that, we can define it," Daly said.
Dan Gallagher, Robinhood's general counsel, is seen as a possible new chairperson of the Securities and Exchange Commission (SEC) if Trump is successfully re-elected. However, the SEC is currently considering a lawsuit against Robinhood's growing cryptocurrency business, alleging that it may not be registered as a broker and clearing house in the crypto market. Gallagher objected, calling the case "pointless". He pointed out that Robinhood has far fewer crypto transactions than other platforms a...
According to the Wall Street Journal, unlike gold, which has long been regarded as a global safe-haven asset, bitcoin is still considered a speculative asset. Given the volatile price of bitcoin, it is unclear whether hoarding bitcoin will bring long-term returns.
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