Minneapolis Federal Reserve President Neel Kashkari, previously a strong critic of cryptocurrencies, expressed a willingness to keep an open mind towards the crypto sector.
Kashkari continues to question crypto's utility, stating, "Other than as a speculative asset, what does it actually do in the real economy?" revealing skepticism about its practical applications.
Despite acknowledging potential changes with a new presidential administration, Kashkari highlighted the challenges cryptocurrencies face in achieving mainstream adoption and integration into the financial system.
Kashkari's comments reflect a broader struggle in the crypto industry to establish real-world use cases, with the Federal Reserve's cautious stance influencing adoption efforts.
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