Joe's Report to Congress Bashes DeFi

The White House's economic team warns that DeFi proponents failed to learn from history. They point to the Panic of 1907 and the need for central bankers.

Editor’s Note: Even as the EU Parliament is preparing to vote on MiCA, Joe Biden’s economic team is continuing to make the case against DeFi, argue that crypto has shown now value and lay the groundwork for FedNow and a CBDC. If you have news of your own drop us a note at “editors@cefiwire.com”.

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