Congressman Calls for Cryptocurrency Investigation, Another Wants to Ban It
bitcoin regulation

Congressman Calls for Cryptocurrency Investigation, Another Wants to Ban It

THELOGICALINDIAN - A Democratic agent has alleged for an analysis of the cryptocurrency industry afterward Robert Muellers allegation while addition has alleged for a ban on cryptocurrency mining and affairs altogether

On July 13th, 12 Russian agents were accused of interfering with the 2016 U.S. Presidential election — purportedly accepting aimed to attenuate the attack of the Democratic presidential candidate, Hillary Clinton. Mueller’s 29-page allegation categorical the strategies and technologies acclimated to accommodation the acclamation process.

Bitcoin, which was the acquittal of best by the Russian operatives, has elicited new affair over agenda bill from accessible officials. Rep. Emanuel Cleaver (D-Mo), in a letter to the Treasury’s Banking Crimes Enforcement Network (FinCEN), urged for a new agreement to advice anticipate agenda currencies from acceptable in actionable activities. In his letter, he asked the agency to “initiate an analysis of the cryptocurrency industry and clear added advice to advice anticipate banking crimes.”

Cleaver, who currently serves on the House Financial Services Committee, accustomed the “tremendous opportunities” offered by cryptocurrency. Attempting to bang a balance, the U.S. agent explained:

On Wednesday, the House Financial Services Committee aggregate to appraise cryptocurrencies’ abeyant calm and all-around uses — this came alone hours afterwards a agnate affair captivated by the State Committee of Agriculture. What ensued was a choir of anti-bitcoin affect fronted by Rep. Brad Sherman (D-Ca). The U.S. agent appear that:

This isn’t the aboriginal time Sherman has announced abnormally of the beginning technology — accepting alleged cryptocurrencies a “crook” in March.

In his account from the podium, Sherman went assimilate say:

Not anybody was in complete agreement. Rep. K. Michael Conaway (R-Tx) acquainted that bitcoin was favorable back compared to privacy-focused agenda currencies like Moreno. The added calmly traceable Bitcoin served as a account for tracking “stupid criminals” articular the Republican congressman.

Congress appear in aboriginal 2017 that a blockchain caucus that would brainwash and admonish on affairs of blockchain and agenda currency. Even with such efforts, assertive associates of Congress still assume ill-informed. Rep. Collin Peterson (D-Mn) who batten at the affair accepted that “there’s a lot of things actuality that don’t accomplish abundant sense.”

These alarm to accomplishments and affairs highlight a cardinal time for the U.S. government — as added and added adopted law admiral appear to accept the possibilities of agenda currencies and blockchain.

What do you anticipate about the comments and accomplishments fabricated by U.S. Congress members? Let us apperceive in the comments below! 

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