Congressman Jared Polis Calls For U. S. Dollar Ban in Response to Sen. Manchin's Call to Ban Bitcoin

Congressman Jared Polis Calls For U. S. Dollar Ban in Response to Sen. Manchin's Call to Ban Bitcoin

Congressman Jared Polis Source: Office of Congressman Jared Polis. In response to a recent demand from West Virginia Senator Joe Manchin for federal regulators to ban bitcoin, Congressman Jared Polis of Colorado has called for the United States Treasury to ban physical U. S. dollars. "I write today to express my concerns about United States dollar bills. The exchange of dollar bills, including high denomination bills, is currently unregulated and has allowed users to participate in illicit activity, while also being highly subject to forgery, theft, and loss," he wrote in his statement....


Related News

Congressman Jared Polis to Demo Robocoin ATM on Capitol Hill

Congressman Jared Polis wants to educate lawmakers about bitcoin. Colorado Democrat Jared Polis is certainly a huge proponent of bitcoin. About a month ago, Polis wrote a satirical letter to Congress calling for the immediate ban of the U. S. dollar. Senator Joe Manchin had urged the U. S. Treasury to ban bitcoin since it can be used in illegal transactions and offered some degree of anonymity. However, Polis noted that the same could be said about the U. S. dollar. “Dollar bills allow for anonymous and irreversible transactions…The U.S. Dollar was present by the truck load in Saddam....

US Congressman Launches Satirical Bid to Ban the US Dollar

Just over one week ago, US Senator Joe Manchin made headlines when he wrote an open letter to federal regulators calling for an outright ban of bitcoin, and now he has received a tongue-in-cheek response from a fellow politician, Congressman Jared Polis. The Colorado representative issued a letter today to the same federal regulators that Manchin addressed, and in the letter Polis satirically calls for a ban on the physical US dollar. Elaborating on his concerns about the dollar, Polis wrote that "the exchange of dollar bills, including high denomination bills, is currently unregulated and....

Congressman Jared Polis Buys His First Bitcoins at Robocoin ATM Demo in Washington

Congressman Jared Polis Source: United States Congress. Representative Jared Polis of Colorado is known to be a friend to the bitcoin community. When Senator Joe Manchin wrote an angry letter trying to get bitcoin banned, Polis fired back with impressive timing asking for a ban of the U. S. Dollar while they were at it. At an event on Capitol Hill on Tuesday, Nevada-based Robocoin demonstrated their bitcoin ATM. The purpose? To help educate members of congress on the bitcoin technology. As for Congressman Polis: he's the proud owner of a small amount of bitcoin. Polis is reported to have....

Finally, a Congressman Who Understands Bitcoin

Congressman Jared Polis is an outspoken supporter of Bitcoin and other digital currencies. A lot of politicians, such as Senator Joe Manchin, don't really seem to understand how Bitcoin works. They often have misinformed beliefs about the virtual currency, such as the belief that Bitcoin is mostly used by criminals, leading them to the conclusion that Bitcoin needs to be banned. However, a few politicians actually understand and appreciate the cryptocurrency. Take U. S. House of Representatives member Jared Polis, for example. Last week, Polis essentially trolled Senator Manchin and....

Jared Polis: I Will Protect Bitcoin in US Congress

US congressman Jared Polis rose to prominence among digital currency enthusiasts earlier this year when he issued a satirical response to calls from lawmakers seeking to ban bitcoin - a move that was widely acclaimed by those in the community fed up with uninformed policies from Washington. The March letter, in which he argued that the US dollar, not bitcoin, should be banned, also served to vault Polis into the position of 'thought leader' and 'unofficial spokesperson' for the digital currency industry. In a new interview with CoinDesk, Polis suggested that is a mantle he's happy to....