Minneapolis Federal Reserve President Neel Kashkari, a long-time critic of cryptocurrencies, has expressed a willingness to keep an open mind about the industry after a discussion with CoinDesk. Kashkari, who previously deemed cryptocurrencies as 'worthless' and 'nonsense,' remains skeptical about their utility, noting that they have struggled to gain real-world adoption. He questioned the purpose of cryptocurrencies beyond being speculative assets, citing a lack of significant impact on the real economy despite the industry's ongoing push for mainstream acceptance over the last decade. His openness comes at a time when the political landscape is shifting, especially following Donald Trump's recent election victory, which may influence regulatory changes in the crypto space. Kashkari's ongoing skepticism highlights the challenges cryptocurrencies face in being integrated into the conventional financial system overseen by the Federal Reserve.

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