On May 10, a member of the US Congress, Brad Sherman, said that cryptocurrency should be banned. According to the congressman, Bitcoin and other altcoins are undermining the US economy.
Brad Sherman about cryptocurrencies and economics
On May 10, during a meeting of the Financial Services Committee of the United States, Congressman Brad Sherman made a report and called on the US authorities to ban cryptocurrency. According to Sherman, buying Bitcoins has a detrimental effect on US economic development. Information about the last meeting appeared on Twitter.
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A video was made public where Democratic Congressman Brad Sherman speaks at the Committee’s rostrum. In addition, the Democrat claims that he wants to outlaw Bitcoin and all other cryptocurrencies. He also calls for banning miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details, sharing of crypto and secret keys in a digital ledger (blockchain).
"Cryptocurrencies need to be banned, they undermine the economy of the United States (...) we must protect our oil, gold, dollar and economy from a collapse (...) Our international power stems from the fact that the dollar is the standard unit for trading" – Brad Sherman.
Congressman of America said that cryptocurrency undermines the economic development. In addition, he also proposed to make appropriate changes in legislation to prohibit mining and purchases for cryptocurrency assets.
Recall that the founder of TRON cryptocurrency, Justin Sun, intends to appeal to the UN, so that every person has the right to buy crypto.
Editor: Pereyidenko Ihor