Federal Reserve Bank President Says ‘Entire Notion of Crypto Is Nonsense’

The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, says crypto exchange FTX isn’t “one fraudulent company in a serious industry.” Stating that the “Entire notion of crypto is nonsense,” the Fed president claimed it is “just a tool of speculation and greater fools.” Minneapolis Fed President Neel Kashkari on Crypto and FTX Collapse Federal Reserve Bank of Minneapolis President Neel Kashkari shared his view on the collapse of cryptocurrency exchange FTX Friday. “This isn’t [a] case of one fraudulent company in a serious industry,” he tweeted, elaborating:…

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