What? Larry Summers joins bitcoin firm as a senior advisor

Well let’s just say that Bitcoin has come a long way from this,


to this…

Treasury Secretary Timothy Geithner talks alone with NEC Director Lawrence "Larry" Summers in the West Wing Hall following the Economic Daily briefing 3/16/09. Official White House Photo by Pete Souza

But hey, we all get older I suppose. And the Bitcoin community was warned as we reported in back in 2013. Washington told Bitcoin to get a lobbyist.

I guess they just did.

(From Yahoo Finance)

Digital Currency Group is busy these days. In the last four months alone, the company acquired the biggest bitcoin news site, CoinDesk, and along with it, the biggest bitcoin conference, Consensus; it also gave money to Coin Center, the bitcoin industry’s nonprofit advocacy group.

On Thursday, DCG announced a laundry list of new investors and additions to its team, and among them is one very big name: Larry Summers.

Summers, former Treasury secretary and former president of Harvard University, is joining DCG as a senior advisor.

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