news 
Peter Schiff, a well-known crypto skeptic and CEO of Euro Pacific Capital, has recently expressed his skepticism towards the rumors surrounding the establishment of a proposed Cryptocurrency Advisory Council by the U.S. government.
According to reports, this council would be appointed around 24 CEOs and corporate funders to provide policy guidance for creating a strategic Bitcoin reserve. Additionally, it would work closely with key government agencies, including the SEC, CFTC, and Treasury, to provide regulatory clarity and create a favorable environment for cryptocurrencies.
Schiff took to Twitter to dismiss these rumors as mere speculation, stating that “rumors not true.” He emphasized that until there is concrete information provided by the relevant authorities, the market should remain cautious and not get too excited about such developments.
While it’s unclear what the future may hold regarding this proposal, one thing is certain – any meaningful progress will require collaboration between government agencies, the private sector, and industry experts.
Source: u.today
