The US gov report that said "crypto has no fundamental value" also explicitly says they are afraid of crypto

The report says that crypto technology might be useful in the future. Not because they like the coins we have nowadays but because they claim the Blockchain & Ledger technology might be useful in the future as it is incorporated into the daily life of people. Are we wrong? Or are they not seeing the potential in crypto?

Moreover the report says "there has not yet been a systemic crisis caused by crypto assets, in part because they are not yet fully integrated with the rest of the financial system, giving policymakers time to act appropriately" this means we did it boys! They are effectively afraid the crypto cycles cause an economic turmoil and recession in the future. This shows the importance that crypto in general is getting on the markets.

Maybe one day we will see failing rates and quantitative easing to pump crypto markets and stabilizate the economy! Who knows...

But that sentence basically says the crypto market is not mature enough yet but in a couple of years or maybe cycles I agree with the US goverment that crypto will play a very important role in the world economy and might even be the cause of a global recession.

Finally, I think it's ironic they try to control the effects of crypto and a potential recession while they literally have cause themselves most of the economic bubbles and recessions and market turmoils since the stock market was created basically.