US lawmaker says 'too much money and power' behind crypto

09/05 02:46

According to News.bitcoin, U.S. Congressman Brad Sherman (D-CA) shared his views on cryptocurrency and its regulation in an interview, published Sunday. Brad Sherman said that Congress has not banned crypto because “there’s too much money and power behind it.” He elaborated: “Money for lobbying and money for campaign contributions works, or people wouldn’t do it, and that’s why we haven’t banned crypto.” Not only is the congressman concerned about individual investors being defrauded, but he also views cryptocurrency as a threat to the national security of the U.S. He believes crypto poses a systemic threat, enables criminals, and undermines the U.S. dollar’s dominance.
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