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....
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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....
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....
Congressman Schweikert wants to know what Bitcoin means for the US dollar. In a recent exchange at a meeting for the Committee on Small Business, Congressman David Schweikert decided to ask the panel of distinguished guests about the possibility of Bitcoin as a long term threat to the US dollar. Although he admitted that this is nothing to worry about over the short term, the reality is that we don't know where we'll be ten years from now. Even if Bitcoin is not the cryptocurrency of the future, we could be facing a situation where some form of stateless money is eventually preferred over....
Source: United States Congress. It's not often you hear a congressperson in the United States foresee doom on a national currency, but congressman Ron Paul sees something in bitcoin that many people today don't. As such, he recognizes that "[t]here will be alternatives to the dollar, and [bitcoin] might be one of them". He goes on to say that "it'll go down in history as the destroyer of the dollar," assuming individuals begins mass-adopting the cryptocurrency. Then there's the group of folks who thinks bitcoin will go nowhere but down. The potential is there, but bitcoin holds a promise....
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....