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The Government Shouldn’t Keep Crypto in a Digital Fort Knox
Norbert J. Michel /

The Government Shouldn’t Keep Crypto in a Digital Fort Knox

Locking digital assets away in a reserve fund is just one problem with Trump’s plan to boost cryptocurrencies.
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Illustration by Noah Hickey/The Dispatch.
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The White House hosted a gathering of cryptocurrency industry leaders last week to discuss President Donald Trump’s vision for transforming the United States into the “crypto capital of the world.” Perhaps the best thing about the summit is that it suggests the administration is truly open to innovation with crypto, and that’s a positive change from previous administrations.

Norbert J. Michel is vice president and director of the Cato Institute’s Center for Monetary and Financial Alternatives.

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