Odaily Planet Daily News: Federal Reserve's Kashkari previously stated that very few transactions occur in cryptocurrency unless it's for drugs or illegal activities. In response, Castle Island Ventures partner Nic Carter posted on X: 'Making such a mistake should be illegal.' Carter added that given Kashkari is 'one of the top ten most important financial regulators globally,' his erroneous statements are even more concerning. Brown Rudnick partner Hailey Lennon also criticized Kashkari's incorrect statements regarding the use of cryptocurrency, stating, 'Legitimate crypto projects in this field have state-of-the-art anti-money laundering policies to prevent this from happening. Physical cash is the preferred method for facilitating drug trafficking and illegal activities. We have been fighting this false narrative for a decade.' Kashkari has long been skeptical of Bitcoin, and his remarks echo those of cryptocurrency opponents such as Senator Elizabeth Warren and Congressman Brad Sherman. (Cointelegraph)