COUNTERPOINT: States should refuse to make risky bets on crypto

COUNTERPOINT

COUNTERPOINT: States should refuse to make risky bets on crypto

MARK HAYS InsideSources.com (TNS)
May 20, 2025
May 20, 2025

States should think twice before creating state strategic crypto reserves before following New Hampshire’s lead. That state’s lawmakers have placed a dubious bet using public funds on a shady and risky product. If they lose, so will taxpayers and others.

The crypto industry’s massive political spending in 2024 has bought many politicians willing to agree to whatever light-touch regulations they seek. This has sparked interest in crypto among some investors, who see all this as a green light to invest in crypto’s vaunted claims of innovation.

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Mark Hays is associate director for crypto and fintech at Americans for Financial Reform. He wrote this for .

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