Neel Kashkari Slams Crypto as “Utterly Useless”
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 instead of functional utility. Kashkari attended the 2026 Midwest Economic Outlook Summit, in which he questioned the fundamental value proposition
February 20, 2026
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