Odaily Planet Daily News: Federal Reserve's Kashkari previously stated that very few trades occur in cryptocurrency unless it involves drugs or illegal activities. In response, Castle Island Ventures partner Nic Carter posted on X, stating, "Making such a mistake should be illegal." Carter added that considering Kashkari is "one of the top ten most important financial regulators in the world," his erroneous statement is even more concerning. Brown Rudnick partner Hailey Lennon similarly criticized Kashkari's misinformation about the use of cryptocurrency, saying, "Legitimate crypto projects in this space have advanced anti-money laundering policies to prevent such situations. Physical cash is the preferred method for facilitating drug trafficking and illegal activities. We have been fighting against this false narrative for a decade." Kashkari has long been skeptical of Bitcoin, and his remarks echo those of cryptocurrency opponents like Senator Elizabeth Warren and Congressman Brad Sherman. (Cointelegraph)