<ul><li>Minneapolis Federal Reserve President Neel Kashkari claims that crypto is mostly used for illegal activities like purchasing drugs.</li><li>Kashkari has a history of criticizing cryptocurrencies, calling them a 'garbage dumpster' and 'fraud, hype, and noise'.</li><li>Crypto community members strongly rebuked Kashkari's statements, highlighting the presence of anti-money laundering policies in legitimate crypto projects.</li><li>Data from Chainalysis shows that only 0.34% of all crypto transactions in 2023 were tied to criminal activity.</li></ul>

Fed President Claims Crypto Is ‘Almost Never’ Used Outside Of Illegal Activity, Gets Schooled By Industry Pundits

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