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The technology underlying cryptocurrencies, called Distributed Ledger Technology (DLT), is sweeping the globe.It could one day transform who controls global financial markets.And it could radically change the balance of power among the world’s superpowers.But while U.S. authorities debate about the “dangers,” Asian countries are jumping ahead to reap the benefits.In recent congressional hearings, Rep. Brad Sherman (D-Calif.) argued that cryptocurrencies are good for nothing except money laundering and tax evasion. He recommended that the U.S. move immediately to ban all purchases and mining.Fed Chairman Jerome Powell chimed in […]
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