“In the event of a widespread banking panic, which seems unlikely at this time, there will probably be the typical rush by investors into safe assets such as the U.S. Treasury securities. That is likely to help than hurt the dollar in the short term,” Eswar Prasad, professor at Cornell University, told CoinDesk, calling the hyperinflation forecasts “unduly hyperbolic.”
Consensys Sues SEC Over ‘Unlawful Seizure Of Authority’ Over Ethereum
The complaint adds that the SEC’s encroaching authority over Ethereum goes against its own past statements that the cryptocurrency is...