What the NYT and Washington Post Op-Eds Get Wrong About Crypto

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It’s long past time for critics to look past their biases and recognize the reality of the digital assets industry, say Sheila Warren and Justin Slaughter.

It’s silly season in crypto policy, and we’re starting to see hyperbolic hot takes denouncing crypto in two of the major newspapers of record in the U.S.

First, New York Times columnist Paul Krugman, a long-time contrarian on the impact of technology on the economy, released a column on the role of crypto in the election where he suggested crypto was merely “technobabble and libertarian derp, . . . which has actually been reinforced by the passage of time.” He also says he does not believe that crypto solves any problems “that can’t be handled more easily and cheaply in other ways… I’ve been in many meetings over the years in which skeptics have asked crypto advocates that question and have never heard a clear answer.”

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