U.S. Treasury Secretary Steven Mnuchin has once again weighed in on bitcoin, claiming the U.S. dollar has not been used to finance “nefarious” activity on a recent episode of CNBC’s Squawk Box. Democratic House Representative Maxine Waters also dropped a tasty nugget of a soundbite as well, sharing her thoughts on “bitcom” and the need for regulation. Such blatant demonstrations of economic imcompetence being so frequent recently, bitcoiners worldwide are left wondering about the nature of centralized regulation and the concept of authority itself.
Also read: Deutsche Bank Collapse Could Crash Global Financial Markets