In the span of a few hours, it became Crypto Twitter vs U.S. Representative Brad Sherman.
And while Sherman is just one lawmaker among more than 400, social media observers quickly turned their sights on the California Democrat.
Sherman’s declaration – and indeed, the wider social conversation around the twin hearings – led to a boost for the #CryptoCongress hashtag.
Some of the harshest words came in the form of accusations of a conflict of interest, given the Allied Wallet connection.
As the saying goes, “having an enemy is a great way to unite a community.”
Urgently calling on Congress to “nip this in the bud”, U. S. Congressman Bradley Sherman recently proposed a bill outlawing the purchase of cryptocurrencies in America. His reasoning, whilst intended to convince Congress of the dangers of cryptocurrency, ironically illustrates the genuine value and utility of the unstoppable technology.
In a direct message, Sherman said “STOP” to Twitter user @TheCryptoDog, who had made several Twitter and Reddit posts about the Congressman’s campaign funding history, which revealed that his main donor had been fined $13.
“We should prohibit U. S. persons from buying or mining cryptocurrencies,” Rep. Sherman proclaimed. “Mining alone uses electricity which takes away from other needs and-or adds to the carbon footprint.
A career politician who has been elected to congress for the past 21 years, made his way once more to a crypto hearing to tell the public that bitcoin should...
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Crypto exchange Cobinhood has announced today it is supporting fiat trading starting with the U. S. dollar from July 20. The exchange, known for its zero-fee trading, is endorsed by U. S. football player Richard Sherman.