Why Crypto Has Not Been Banned Yet – U.S. Congressman Explains
The emergence of crypto was one of the ground-breaking discoveries of this era. The change it brought affected many things in the financial systems. While many people embraced it wholeheartedly, others have remained doubtful. For instance, in the U.S congress, there are many Crypto proponents. But still, many amongst them are always skeptical about crypto. […]
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Congressman Gabriel Silva presented a Crypto Law project. Even though Silva’s profile picture has laser eyes, the congressman doesn’t even mention Bitcoin in the video with which he announces his accomplishment. Is this bullish for cryptocurrencies in general? Or is it another case of a politician trying to make a name for himself using buzzwords […]
U.S. Representative Brad Sherman says Congress has not banned crypto because “there’s too much money and power behind it.” He elaborated: “Money for lobbying and money for campaign contributions works, or people wouldn’t do it, and that’s why we haven’t banned crypto.”
US Lawmaker on Regulation and Why Congress Won’t Ban Crypto
Congressman Brad Sherman (D-CA) shared his views on cryptocurrency and its regulation in an interview with the Los Angeles Times, published Sunday.
The U.S. lawmaker from....
U.S. Congressman Barry Moore has apparently been investing in crypto for a while now. Moore had purchased Doge, Ethereum, and ADA. This was made evident in the trading disclosures that were filed with the clerk of the House of Representatives on July 2nd. The disclosure showed that Congressman Moore had gotten into Doge well after […]
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....
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....