Brad Sherman, a Democratic congressman of the United States House of Representatives currently representing California's 30th Congressional District, called cryptocurrency "dangerous" at a meeting of the Financial Services Committee and accidentally made a Freudian slip when he said that "cryptocurrency interferes with government control over the dollar."
March 14, 2018, speaking at a meeting devoted to the study of cryptocurrencies and ICO markets, Congressman Sherman said that there is no “social benefit” in bitcoin investments.
Among other things, he stated that: "Cryptocurrency allows a few dozen men to sit at home in their pajamas and tell their wives that they will soon be millionaires", that "it helps terrorists and criminals move money around the world, helps evade taxes, helps scammers out of money and - in one case in a hundred - is actually used for something useful."
Brad Sherman does not appear to share the views of the Securities and Exchange Commission and the Commodity Futures Trading Commission, which are trying to develop regulation and respect cryptocurrency as a next-generation tool.
According to http://bitcoinist.com
You May Also Like
Bloomberg: SEC has opened an investigation against BlockFi
The SEC is looking into crypto lending platform BlockFi and its BIA savings accounts, which are not registered with the agency.
Ukraine adopted a law on virtual assets
The Verkhovna Rada adopted a law on the regulation of virtual assets, which will support the legal cryptocurrency market.
