Counterpoint: States Should Skip Risky Bets on Crypto
For an alternate viewpoint, see “Point: States Should Follow New Hampshire in Establishing Bitcoin Reserve.”
States should think twice before creating state strategic crypto reserves before following New Hampshire’s lead. That state’s lawmakers have placed a dubious bet using public funds on a shady and risky product. If they lose, so will taxpayers and others.
The crypto industry’s massive political spending in 2024 has bought many politicians willing to agree to whatever light-touch regulations they seek. This has sparked interest in crypto among some investors, who see all this as a green light to invest in crypto’s vaunted claims of innovation. However, the industry’s systemic problems that caused the…
