Best Crypto to Buy Now as SEC Confirms Proof-of-Work Crypto Mining Is Not a Security
While Donald Trump’s declaration of a crypto strategic reserve has created excitement among investors, not all are fans of the uncharted world of decentralized finance. Swiss National Bank, for instance, has flatly rejected cryptocurrency for reserves, citing a combination of large price swings, legal fragility, and software flaws as the reason for this move.
“We do not have plans to buy crypto assets,” said Swiss National Bank’s Vice President, Martin Schlegel. He continued, “For example, it’s the preservation of value. And as you know, cryptocurrencies have large fluctuations in value, so this is not a given.”
This was natural since many countries may still not fully embrace crypto, but despite the lack of global…
