San Francisco Fed President Daly stated in a podcast that cryptocurrencies should be viewed as an independent asset class, rather than simply likened to gold. She pointed out that cryptocurrencies are complex and varied, and are not yet ready to become 'currency'. Daly believes that cryptocurrencies can serve as a medium of exchange, stock, or a store of value, but need to be clearly defined. She agrees with Powell's view that cryptocurrencies currently do not meet the conditions to become a currency. What do you think about this? Feel free to share your thoughts in the comments! 💬