BTC reserve proposal criticized: Bill Dudley critiques the Trump administration’s proposal for a Bitcoin reserve. As a former President of the Federal Reserve Bank of New York, he highlights that the initiative provides no benefits to Americans and risks exacerbating inflation and national debt issues.
Focus on crypto regulation: Dudley urges the need for regulations on cryptocurrencies to classify them as currencies or securities correctly. He emphasizes frameworks for consumer protection and avoiding activities like terrorist financing in the crypto space, facilitating safe innovation and economic potential realization.