Bitcoin-Bashing Democrat Calls for Blanket Ban on Cryptocurrencies

Congressman Sherman, who’s from California, made the remarks May 9 at a meeting of the House Financial Services Committee.
Sherman says the ban is necessary because crypto threatens to undermine the U.S. dollar and is only useful for criminal activities like money-laundering, drug-dealing, and tax evasion.

Moreover, Sherman notes that crypto evangelists have made no secret of their desire to replace fiat currency. And that is unacceptable to him.


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