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Gold advocate and long-time crypto critic Peter Schiff has taken aim at the U.S. government’s latest pro-crypto move, calling the newly signed GENIUS Act, CLARITY Act, and anti-CBDC bill a “legislative low point.”
While the crypto community, including Ripple CEO Brad Garlinghouse, cheered the passing of these bills as a historic win for digital assets, Schiff warned that they may actually weaken the U.S. dollar and boost what he calls a “decentralized Ponzi scheme” in Bitcoin.
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Gold advocate and long-time crypto critic Peter Schiff has taken aim at the U.S. government’s latest pro-crypto move, calling the newly signed GENIUS Act, CLARITY Act, and anti-CBDC bill a “legislative low point.”
While the crypto community, including Ripple CEO Brad Garlinghouse, cheered the passing of these bills as a historic win for digital assets, Schiff warned that they may actually weaken the U.S. dollar and boost what he calls a “decentralized Ponzi scheme” in Bitcoin.
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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