The Dinosaurs In The US Congress, Are Afraid Of Crypto
"We should prohibit U.S. persons from buying or mining cryptocurrencies," the California Democrat - whose largest donor is credit card processor Allied Wallet - declared. He added that, beyond cryptocurrencies being potentially used as a form of money in the future, it can currently be used by tax evaders and rogue states seeking to bypass U.S. sanctions” -Congressman Brad Sherman
"Yes it is true that criminals have used bitcoin, but it's also true that criminals have used airplanes, computers and automobiles. We shouldn't criminalize any of those instruments simply because criminals used them." -Norbert Michel, director for the Center for Data Analysis at the Heritage Foundation.
Congressman Bill Foster asked about blockchain immutability, saying "the promise of blockchain is a non-falsifiable ledger … [what] remains an unsolved problem in the digital world is how do you authenticate yourself?"
"It is certainly difficult to imagine a cryptocurrency replacing the U.S. dollar as long as the Federal Reserve acts as a moderately good steward of the national currency, but it is for this very reason that Congress should eliminate barriers that impede people from using their preferred medium of exchange." -Norbert Michel.
Andy Barr noted that cryptocurrencies will:
"continue to have a greater and greater impact on our financial system," making it a topic the committee would likely have to "revisit" once again.” Source
Re-steemed
Helpful information indeed.
Great post. California is the center of BIG government. Crypto is the enemy of BIG government. People think first about the taxes but controlling the money runs much deeper. Crypto scares the big government lefties like Ron Paul never could haha
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democrat congressman, with his action is highlighting that the cryptocurrency is monopolizing the attention of the world, and he wants to put aside such mention. I liked the way you illustrated the image of the post
Es cierto @melip siempre los delincuentes aqui ó donde estén buscarán la manera de evadir a las autoridades, no solo es problema de la criptomonedas
melip como estas, delicuentes hay en todo el mundo, Cripto llego para quedarse y ya no pueden hacer nada
ASI es, en uno de los argumentos del mas viejo miembro (300 años aproximadamente), se atrevió a decir: “porque la gente preferiría otra forma de economía no respaldada por los gobiernos. Esta ha sido nuestra forma de negociar por más de 2000 años, porqué cambiarse ahora?” 😆😆 Dinosaurios al fin y al cabo 😆😆
good video melip excelente job mis saludos
@melip