Fed’s Bitcoin Bet: Toxic or Too Risky?

Conner Brown, a self-proclaimed knight in the Bitcoin wars, declares the Fed’s proposal a “direct opening for that debate.” The Federal Reserve, he says, is about to unveil a plan so absurd, it’s like asking a blind man to judge a painting. Bitcoin, currently labeled “toxic,” faces a risk weight harsher than a pirate’s curse. Banks, he argues, are now forced to choose between financial services and a digital coin that’s as transparent as a monastery’s ledger.




