Crypto isn't the problem with the US economy, says senator

CoinTelegraph·

Crypto isn't the problem with the US economy, says senator

60-second summary

Senator John Kennedy is dismissing cryptocurrency as the problem with the US economy, countering Digital Chamber CEO Cody Carbone's promotion of crypto in a Senate hearing on affordability, with Kennedy emphasizing the need to address underlying issues such as inflation and stagnant wages, rather than scapegoating cryptocurrency for economic woes, which may have a limited impact on the market.

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.