US Fed Chairman Maintains Cryptos Don’t Have Intrinsic Value

On Wednesday morning, the U.S. Congress held a hearing regarding cryptocurrencies, hearing mixed opinions from regulators and representatives of the U.S. government.
Federal Reserve Chairman: Cryptos Aren’t A Store of Value Or A Payment Tool
Jerome Powell, the chairman of the U.S. Federal Reserve (Fed), presented his thoughts about the current state of the crypto market while speaking to the House Financial Services Committee this morning.
When questioned about if blockchain-based cur