U.S. House of Representatives Brad Sherman told the Los Angeles Times that cryptocurrencies Won’t be banned in the US “soon”
The head of the House of Representatives Financial Services Subcommittee on Investor Protection claims that the US government did not ban crypto when it was in its infancy. because it was seen as unimportant.
However, there is now too much money and lobbying behind the industry. Therefore, banning cryptocurrencies will not be possible in the near future.
Brad Sherman was previously worried about the criminals using He has repeatedly stated that crypto facilitates terrorism and other heinous activities, and has also become the industry’s most vocal critic in Congress. He claimed that cryptocurrencies supported by “Anarchists” who advocate tax evasion
In July, Sherman said XRP was an unregistered security.
The post Brad Sherman, US Congressman, Says “Crypto Bans Won’t Happen Anytime Soon” appeared first on Bitcoin Addict.