Summers Says Crypto Needs Government Regulation to Be Viable

Sep.24 -- Former U.S. Treasury Secretary Lawrence Summers says crypto enthusiasts should embrace government regulation, comparing the industry to the airline and automobile sectors. "The truth is that we wouldn't have a viable airplane industry if we weren't getting regular airline safety. We wouldn't have the transportation system we do if we didn't regulate automobile safety," Summers says in an interview with Bloomberg's David Westin.

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