US congressman and crypto skeptic explains why a crypto ban won't work
Sherman said any task force or committee set up to help and protect investors wouldn’t work as long as gullible investors keep investing in meme coins. In a recent interview, United States congressman and a known crypto skeptic Brad Sherman claimed that banning cryptocurrencies is not an option at this point.In a statement to LA Times, the Northridge-area Democrat said that the crypto industry has become quite powerful over the years. He added that the high capital donations to the politicians and strong crypto lobbying make it impossible for them to impose a blanket ban. He explained:“We....
Related News
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 […]
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. […]
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 […]
Alabama congressman Barry Moore has snapped up ETH, ADA, and Doge over the past two months, but his holdings have taken a significant hit amid the crypto downturn. News of two contrasting approaches to crypto from U.S. members of congress surfaced this week. Alabama Congressman Barry Moore has been loading up on cryptocurrencies such as Ethereum (ETH), Cardano (ADA), and Dogecoin (DOGE) over the past two months. Meanwhile anti-crypto California Congressman Brad Sherman — whose stated aim is to shut crypto down — has reportedly received more than $100,000 in campaign donations from top....
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....