Louisiana Senator John Kennedy largely dismissed what he called the “promotion” of cryptocurrency by the Digital Chamber CEO Cody Carbone in a Senate hearing on affordability.
Source: Cointelegraph
Crypto isn't problem with US economy, Louisiana senator says
Louisiana Senator Bill Cassidy has stated that cryptocurrency is not the primary issue affecting the U.S. economy, countering widespread concerns about the digital currency's impact. He emphasized that the challenges facing the economy are more closely linked to inflation and supply chain disruptions rather than the rise of crypto assets. Cassidy's remarks come amid ongoing debates over regulatory frameworks for cryptocurrencies, highlighting the need to focus on broader economic factors. His perspective suggests a shift in the narrative surrounding cryptocurrency, urging policymakers to prioritize traditional economic issues over digital currency concerns.