The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, took a jab at Dogecoin (DOGE) last week by referring to the memecoin as a Ponzi scheme, upping his rhetoric against cryptocurrencies. 

Kashkari’s comments were in response to a LinkedIn poll by Paul Grewal, the chief legal officer and corporate secretary of Coinbase, who asked his connections about the proper way to pronounce “Doge.”

“The right pronunciation is pon-zi,” Kashkari quipped.

Fifty-seven percent of respondents pronounce Doge correctly. Source: LinkedIn.
Kashkari’s witty attempt gets over 200 interactions. Source: LinkedIn

This isn’t the first time Kashkari has taken aim at cryptocurrencies. In February 2020, he said digital assets like Bitcoin (BTC) lack the basic tenants of a stable currency and praised the Securities and Exchange Commission for “cracking down” on initial coin offerings.

Kashkari is not a member of this year’s Federal Open Market Committee,…

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