Day: 20 February 2026

Minneapolis Fed President Neel Kashkari Calls Crypto ‘Utterly Useless,’ Questions Stablecoin Use Cases

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, has sharply criticized the cryptocurrency industry, describing crypto as “utterly useless” and questioning whether stablecoins offer any meaningful advantages over existing payment systems. Speaking at the 2026 Midwest Economic Outlook summit on Thursday, Kashkari contrasted crypto with artificial intelligence, arguing ...

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