To Preserve the Dollar as the World’s Reserve Currency, the United States Can’t Let China Get Ahead on Cryptocurrency

The Greenback Needs a Digital Makeover

Last July, U.S. Treasury Secretary Steven Mnuchin took to the podium in the White House briefing room to explain his view on the risks of so-called digital, or “crypto,” currencies. “Cryptocurrencies, such as bitcoin, have been exploited to support billions of dollars of illicit activity,” the secretary said.