By CryptoNews - 9 months ago - Reading Time: 1 minutes
Fitch Downgrades US Government’s Debt Rating – Does This Boost Crypto’s Use-case?
In a surprise move, global rating agency Fitch downgraded the US government’s credit rating from AAA to AA+ on Tuesday.In a report released on its website, the ratings agency cited expected fiscal deterioration over the coming three years, a high and growing government debt burden and “erosion of governance… that has manifested in repeated debt limit standoffs and last-minute resolutions” as motivating the downgrade....
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Original source: CryptoNews