Bitcoin (BTC) news: Fed's Kashkari says crypto is 'utterly useless'

Bitcoin (BTC) news: Fed's Kashkari says crypto is 'utterly useless'

The Minneapolis Fed president said stablecoins don’t beat Venmo and argued crypto fails basic real-world tests.

Kashkari vs Crypto: Minneapolis Fed Chief Calls Industry ‘Utterly Useless’

Fed official slams crypto as “utterly useless” amid strong U.S. economy signals, raising regulatory and market concerns for digital assets.

‘Cryptocurrency is Useless’: No.1 US Fed Slams Crypto

The cryptocurrency discussion now extends beyond market evaluations because it has evolved into a determination of industry objectives. The recent criticism has become more intense. The recent period led to a situation where he encountered multiple challenges that required his attention. Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, expressed his opinion during a panel discussion. He described cryptocurrency as a concept t…

Fed's Neel Kashkari Criticizes Crypto as "Utterly Useless"

Neel Kashkari shares a stark criticism of cryptocurrencies and stablecoins. The Fed President calls crypto utterly useless, stating that they lack real-world utilities. Kashkari also pointed out the inconsistencies of cross-border stablecoin payments.  Neel Kashkari, the Minneapolis Federal Reserve President, has taken a sharp stance against the crypto industry. In his latest statement, he addressed crypto assets as “utterly useless” and warned …

Neel Kashkari Slams Crypto as “Utterly Useless”

The remarks underscore an increasing divide in 2026 between the scepticism of the central bank and the broadening of the commercial sector. The Fed official requested the public and policymakers to stop settling for vague explanations. The President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, criticised the cryptocurrency industry on February 19, describing digital assets as utterly useless and defined by word salad marketing inst…