US congressmen chide presidential advisers over crypto stances in economic report By Cointelegraph
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United States Congressmen Warren Davidson and Mike Flood have written a letter to the chair of the Council of Economic Advisers (CEA) demanding an explanation for a chapter the agency prepared for the “Economic Report of the President” that expressed “a hostile view towards the digital asset ecosystem.”
The report, presented to Congress in March, contained a chapter titled “The Reality of Crypto Assets” that claimed such assets “have brought none of the promised benefits.” The agency’s opinion marked a reversal of the position taken in the president’s “Executive Order on Ensuring Responsible Development of Digital Assets,” the lawmakers claimed. They wrote:
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United States Congressmen Warren Davidson and Mike Flood have written a letter to the chair of the Council of Economic Advisers (CEA) demanding an explanation for a chapter the agency prepared for the “Economic Report of the President” that expressed “a hostile view towards the digital asset ecosystem.”
The report, presented to Congress in March, contained a chapter titled “The Reality of Crypto Assets” that claimed such assets “have brought none of the promised benefits.” The agency’s opinion marked a reversal of the position taken in the president’s “Executive Order on Ensuring Responsible Development of Digital Assets,” the lawmakers claimed. They wrote:
Continue Reading on Coin Telegraph
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