Chandrasekhar, C. P.
The crypto puzzle
- Economic & Political Weekly
- 60(37), Sep 13, 2025: p.10-13
The United States has passed three acts to clarify and strengthen the regulatory framework for cryptocurrencies and digital assets, including one prohibiting the issue of a central bank digital currency by the Federal Reserve. The framework does less to regulate the issue and trading of these digital “assets” and more to give them official recognition. Combined with the direct interest of the Trump family in the crypto business, which is likely to bias policy in favour of coins hitherto seen as mere speculative tokens, this has led to heightened interest in these instruments. The consequence has been a steep rise in the benchmark bitcoin price to new record highs.- Reproduced
https://www.epw.in/journal/h-t-parekh-finance-column/crypto-puzzle.html