'Being a Currency and a Security Are Not Contradictory,' Crypto Can Be Both: Monetary Historian
Franklin Noll, a U.S.-based monetary historian, has asserted that the history of the U.S. dollar over the years shows that being a currency and a security is not contradictory and that crypto can be both.
The assertions by Noll, the president of Noll Historical Consulting, come as the debate over the status of cryptocurrencies continues to be a contentious and unresolved one. For instance, Bitcoin.com News recently reported on current U.S. SEC chair Gary Gensler’s comments on the subject.
Yet in a short piece published to his blog recently, Noll starts by using the example of the continental dollar coins to support his assertions. According to the historian, these now “infamous” coins were an attempt “to fund the American Revolutionary War by printing money” that ultimately failed.
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