Chicago’s Mayor Takes To The Stage To Laud Cryptos
Very often do incumbents of legacy industries mention crypto assets. And even if they do, their comments are often laced with a negative tone, as they are wary of the purported criminal activity-enabling potential of assets like Bitcoin.
But, this narrative took a sudden turn on March 18th, as Rahm Emanuel, Chicago’s incumbent mayor, took to the stage of a local FinTech gathering to make mention of cryptocurrencies and blockchain. Per Forbes, his statements were rather positive.
Emanuel, who formerly served as President Obama’s chief of staff, remarked that for nations facing finanicial imbroglios, namely Iran and Venezuela, harnessing crypto assets could be a good escape mechanism. He went on to explain:
One day, somebody’s going to figure out – whether that’s Argentina, ten years from now, five years from now – how to use cryptocurrencies to stay alive when their facing a financial crisis, and then you’re going to…
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