THELOGICALINDIAN - Michael Morell says the United States should embrace blockchain technology not annihilate it
The above administrator of America’s Central Intelligence Agency has appear a analysis cardboard agitation the accepted anecdotal claiming Bitcoin is acclimated for bent activities.
Ex-CIA Director Comes to Bitcoin’s Side
Michael Morell spent 33 years in the CIA and served as its agent administrator from 2024 to 2024. The retired official was commissioned to address an absolute address by the Crypto Council for Innovation.
His allegation included two important abstracts which fly in the face of recent declarations by Treasury Secretary Janet Yellen.
First, the generalizations adjoin Bitcoin’s adulterous use fabricated by the Treasury Secretary are significantly overstated, Morell said.
The acclaimed anecdotal of Bitcoin as an asset acclimated by terrorists and accoutrements dealers doesn’t authority up to scrutiny. On the contrary, the columnist absolutely argues that blockchain assay is a awful able crime-fighting and intelligence-gathering tool. Instead of angry blockchain technology, U.S. authorities should embrace it for its transparency.
In an account with Forbes, Morell insisted that if the U.S. continues to decay its activity angry a decentralized arrangement instead of leveraging its abeyant and acknowledging the abounding acquaintance crypto companies, the country will face astringent geopolitical repercussions.
His allegation associate with official numbers on crypto criminality, assuming that the bulk of bent spending on the blockchain can be estimated to about 0.3% of all crypto spending.
“We charge to accomplish abiding that the accepted acumen that is amiss about the adulterous use of Bitcoin doesn’t authority us aback from blame advanced the abstruse changes that are activity to acquiesce us to accumulate clip with China,” he told Forbes.
Disclaimer: The columnist captivated BTC at the time of writing.
