{"id":73192,"date":"2026-02-19T17:47:06","date_gmt":"2026-02-19T17:47:06","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=73192"},"modified":"2026-02-19T17:47:06","modified_gmt":"2026-02-19T17:47:06","slug":"word-salad-nonsense-fed-president-kashkari-says-crypto-advocates-cant-explain-the-use-case","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=73192","title":{"rendered":"&#8216;Word-Salad Nonsense&#8217;\u2014Fed President Kashkari Says Crypto Advocates Can&#8217;t Explain The Use Case"},"content":{"rendered":"<div>\n<p>Minneapolis Fed President <strong>Neel Kashkari<\/strong> on Thursday attacked crypto and stablecoins, saying proponents deliver \u201cword-salad nonsense answers\u201d when pressed to explain how the technology actually works for cross-border payments.<\/p>\n<h3 class=\"wp-block-heading\">The Cross-Border Attack<\/h3>\n<p>Kashkari used a personal example to <a href=\"https:\/\/x.com\/DegenerateNews\/status\/2024508200465183172\">dismantle<\/a> crypto\u2019s cross-border payment thesis.\u00a0<\/p>\n<p>His wife was born in the Philippines, and he asked crypto advocates how he could send money to his father-in-law in Manila to buy groceries.<\/p>\n<p>\u201cThey say, oh my gosh, it\u2019s so costly to do it today. With this gee whiz crypto stuff, you could do it instantly,\u201d Kashkari said. \u201cBut then I still say, how does he buy groceries with it? Well, you still got to convert it to the local currency. That\u2019s still expensive.\u201d<\/p>\n<p>When pushed &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/02\/50728021\/word-salad-nonsense-fed-president-kashkari-says-crypto-advocates-cant-explain-the-use-case?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"'Word-Salad\" nonsense president kashkari says crypto advocates can explain the use case>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Minneapolis Fed President Neel Kashkari on Thursday attacked crypto and stablecoins, saying proponents deliver \u201cword-salad nonsense answers\u201d when pressed to explain how the technology actually works for cross-border payments. The Cross-Border Attack Kashkari used a personal example to dismantle crypto\u2019s cross-border payment thesis.\u00a0 His wife was born in the Philippines, and he asked crypto advocates [&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-73192","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\/73192","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=73192"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/73192\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}