In a recent interview, San Francisco Federal Reserve President Mary Daly stated that cryptocurrency should be considered its own distinct asset class, rather than being grouped with gold. Daly emphasized that crypto serves multiple roles and requires clear definition. Her perspective differs from Federal Reserve Chair Jerome Powell, who described bitcoin as a "speculative asset" and compared it to digital gold. Daly also noted that crypto is not ready to function as a currency but acknowledged the growing momentum behind digital assets. Institutional players are increasingly investing in cryptocurrency, indicating growing acceptance from traditional financial players.



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