Fed’s Neel Kashkari Labels Crypto Useless, Questions Stablecoin Benefits
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, delivered a sharp critique of cryptocurrencies this week, calling the sector “utterly useless” and casting doubt on the real world advantages of stablecoins compared with existing payment systems. Speaking at the 2026 Midwest Economic Outlook Summit in Fargo, North Dakota, Kashkari contrasted the rapid integration […]