The Cryptoverse Has A Big Black Hole

In this report, we follow our earlier analysis of Treasury’s CBDC recommendations and housing finance  with an analysis of another Treasury report in response the President’s executive order focused on the overall construct of cryptoassets in the U.S.  Treasury here makes its views even clearer than it did when favoring a CBDC.  It simply sees no “natural use case” for cryptoassets or cryptocurrency beyond speculation in the lending and investment arenas where, it states, very stringent rules should quickly spoil the funding.  This isn’t to say that Treasury disses digital assets – quite the contrary – but its views on cryptoassets make clear that crypto-mortgages are a long, long way away if they are anywhere at all.