U.S. Congressman Calls for a Bill to Ban Cryptocurrencies

In a Financial Services Committee hearing on Thursday, U.S. Congressman Bradley Sherman from California called upon Congress to create a bill that would ban cryptocurrency purchases by Americans.

U.S. Congressman Calls for a Bill to Ban Cryptocurrencies Bradley-Sherman-696x365

U.S. Congressman Calls for a Bill to Ban Cryptocurrencies Bradley-Sherman-696x365

Congressman Bradley Sherman wants Cryptocurrency banned in America. On Thursday, Sherman asked Congress to propose a bill that would ban Cryptocurrency outright. Here is some of what the Congressman had to say (scroll to the bottom of the article for video):

“I look for colleagues to join with me in introducing a bill to outlaw cryptocurrency purchases by Americans…in part because an awful lot of our international power comes from the fact the dollar is the standard unit of international finance and transactions”

Bradley Sherman has been anti-cryptocurrency for at least a year now. In a subcommittee for the Financial Services Committee last July, Sherman announced his belief that all cryptocurrency mining and trading should be banned in the United States. Sherman declared that the primary use of cryptocurrency was for tax evasion and the only way to stop this was banning all US citizen participation with cryptocurrency. A few other members of the subcommittee challenged Sherman’s analysis of cryptocurrency, and believed that the benefits of Cryptocurrency also needed to be examined before making such sweeping statements.

https://www.altcoinbuzz.io/crypto-news/regulations/u-s-congressman-calls-for-a-bill-to-ban-cryptocurrencies/?fbclid=IwAR3jrkvL24ZgWwI3HAH3cC_8Z7_IGLO7rZ8nKUztom3BcvygGfu55FvVTzk

Mad finger

U.S. Congressman Calls for a Bill to Ban Cryptocurrencies

U.S. Congressman Calls for a Bill to Ban Cryptocurrencies

Anarcho-Capitalist Categorical Imperatives

AnCaps' Laissez-faire Free Trade Zone