By CCN: Bitcoin-bashing Democrat Congressman Brad Sherman is urging his colleagues to pass a law that would ban cryptocurrencies in the United States. “I look for colleagues to join with me in introducing a bill to outlaw cryptocurrency purchases by Americans, so that we nip this in the bud.

” 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. Sherman: Crypto fans want to

The post Bitcoin-Bashing Democrat Calls for Blanket Ban on Cryptocurrencies appeared first on CCN

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