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Benzinga
Benzinga
Business
Murtuza Merchant

Bitcoin Reserve Would 'Benefit Special Interest Groups,' Former Fed Chairman Warns

Former chairman of the New York Federal Reserve Bill Dudley on Friday voiced strong concerns over the United States potentially including Bitcoin (CRYPTO: BTC) in its national reserves, a proposal gaining momentum among crypto-friendly legislators.

In an opinion piece, Dudley argues that such a move could harm the interests of the general public and compromise the dollar’s standing as the global reserve currency.

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