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Critiquing Government Crypto Proposals
This chapter examines a recent proposal for U.S. government investment in cryptocurrencies like Bitcoin and XRP, critiquing its practicality and susceptibility to lobbying influences. The speakers express skepticism regarding a 'strategic reserve' for cryptos, comparing their volatility to traditional assets such as gold. The discussion also highlights the implications of government crypto involvement amidst controversies involving influential figures and the risks posed to investors and vulnerable populations.