The following article is sponsored by Consumers’ Research and authored by Will Hild, its executive director.
Since its infancy a decade ago digital currency has gained purchase in the marketplace both as an asset class and an alternate mode of exchange. Some believe that the advancement of dollar denominated stablecoins may well strengthen the U.S. dollar’s primacy as the global choice in reserve currency.
But as we build toward our digital future, it’s important to remember that, as with all financial systems, there will be bad actors who attempt to exploit it. True crypto enthusiasts can agree that identifying the bad actors is necessary if digital currencies are to thrive. More debacles, like the fraud-induced collapse of Sam Bankman-Fried’s FTX, could further erode market confidence and delay or derail the development of the crypto market. That’s why Consumers’…
