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Ron Paul Believes Fed Should Have Hands Off Approach To Cryptocurrency
Summary: Former representative of Texas’s 22nd and 14th district, Ron Paul, believes that the Federal Reserve should be hands off in their handling of cryptocurrency. Paul, in an article on Fox Business, disagreed with Federal Reserve Bank of Philadelphia President Patrick Henry’s statement that, "is better for us (Federal Reserve) to start getting our hands around it ...
Former representative of Texas’s 22nd and 14th district, Ron Paul, believes that the Federal Reserve should be hands off in their handling of cryptocurrency.
Paul, in an article on Fox Business, disagreed with Federal Reserve Bank of Philadelphia President Patrick Henry’s statement that, "is better for us (Federal Reserve) to start getting our hands around it (Cryptocurrency).” Paul believes that if the Federal Reserve gets involved it will lead to the death of all competition and create a monopoly.
Paul stated in the article that he feels "The Fed cannot handle real competition, and so it is trying to shut it down. It worries about Bitcoin, it worries about The Clearing House, and it will be worried about the next bright idea for money sharing that comes along. It’s got a monopoly to protect."
By Janelle Fox
Tags: Cryptocurrency,Federal Reserve,Ron Paul
Link: Ron Paul Believes Fed Should Have Hands Off Approach To Cryptocurrency [Copy]
