US Cryptocurrency as an Offshore Banking Center
Photo by Kanchanara
The Wall Street Journal ran a revealing op-ed today (June 14, 2024) by Paul D. Ryan, “Crypto Could Stave off a U.S. Debt Crisis.”
Mr. Ryan, libertarian Republican House Speaker 2015-2019 and now at the right-wing American Enterprise Institute, writes that: “Stablecoins backed by dollars provide demand for U.S. public debt and a way to keep up with China.”
He reports that “According to the Treasury Department and DeFi Llama, a cryptocurrency analytics site...
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