Former U.S. Treasury Secretary Larry Summers said there may be “too much privacy” associated with government-issued cash, noting the prevalence of money laundering and its widespread use for storing and moving the proceeds from corruption.
Across two years & 300+ speakers for Consensus 2016 and Consensus 2017, I can promise you I did not meet a bigger douche bag than Larry Summers.
He's happy to step on the little people he meets.
But you should trust him on crypto and with the post-crisis economy. 🙃 https://t.co/EXQNnzHCIg
Well, he knew he'd be provocative. Here's @LHSummers saying something right at the opening of #ConsensusDistributed that's certain to get a rise out of many of its 14,000+ participants:
There's "too much privacy" in money.
Thoughts, Crypto Twitter? https://t.co/KNfkC8zw0d