{"id":3909,"date":"2024-12-08T16:03:23","date_gmt":"2024-12-08T16:03:23","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3909"},"modified":"2024-12-08T16:03:23","modified_gmt":"2024-12-08T16:03:23","slug":"larry-summers-national-bitcoin-reserve-crazy","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3909","title":{"rendered":"Larry Summers: National Bitcoin Reserve &#8216;Crazy&#8217;"},"content":{"rendered":"<div>\n<p>Former Treasury Secretary\u00a0<strong>Larry Summers<\/strong> has dismissed the idea of a national Bitcoin (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) reserve as \u201ccrazy\u201d amidst ongoing deliberations in Congress <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/07\/40001426\/trump-aims-to-make-us-crypto-capital-of-the-planet-well-get-it-done\">and the crypto industry<\/a>.<\/p>\n<p><strong>What Happened<\/strong>: In an interview with Bloomberg on Friday, Summers voiced his doubts about the feasibility of a national bitcoin reserve. He opined that although he feels cryptocurrencies have been excessively regulated, the concept of a national bitcoin reserve doesn\u2019t hold water.<\/p>\n<p>\u201cThere are probably respects in which crypto has been over-regulated by overzealous regulators. But some of what is being said, this idea that we should have some kind of national bitcoin reserve, is crazy,\u201d Summers <a href=\"https:\/\/www.youtube.com\/watch?v=YqcmON_WmjE\">told<\/a> the outlet.<\/p>\n<p>While President-elect\u00a0<strong>Donald &#8230;<\/strong><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/12\/42380296\/larry-summers-national-bitcoin-reserve-crazy\" alt=\"Larry\" summers: national bitcoin reserve>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Former Treasury Secretary\u00a0Larry Summers has dismissed the idea of a national Bitcoin (CRYPTO: BTC) reserve as \u201ccrazy\u201d amidst ongoing deliberations in Congress and the crypto industry. What Happened: In an interview with Bloomberg on Friday, Summers voiced his doubts about the feasibility of a national bitcoin reserve. He opined that although he feels cryptocurrencies have [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3909","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3909"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3909\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}