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Loss of control by Bitcoin? US Democrat calls for ban of crypto-currencies

the California Deputy Brad Sherman wants to achieve a ban of Bitcoin. In a meeting of the US-Democrat, called on 9. May his counterpart for the support in the

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Loss of control by Bitcoin? US Democrat calls for ban of crypto-currencies
the California Deputy Brad Sherman wants to achieve a ban of Bitcoin. In a meeting of the US-Democrat, called on 9. May his counterpart for the support in the fight against crypto-currencies. Sherman spoke for the first Time in such a negative way. In addition to the usual biases, such as favoring of crime he sees in Bitcoin is also a serious threat to the state and its citizens.

Brigitte Bernhardt
10. May 2019BTC$6.526,00 4.27%part Facebook Twitter LinkedIn xing mail

Sherman is since 1997 in the U.S. house of representatives and is currently spending his eleventh term in Congress. The Californians is the highest-ranking Democrat on the Subcommittee on Asia and the second-highest-ranking Democrat on the Subcommittee on Europe and Eurasia. He is also a member of the Financial Services Committee.

in the past, the Congress outermost members negative about crypto-currencies. In a hearing in March 2018, around Sherman had nothing good to Bitcoin. He spoke of tax fraud and Invest as a pure game of luck. By using crypto-currencies would be terrorists and Criminal money in the world and forth. Tax evaders and fraudulent Start-ups would also have an easy game.

Bitcoin – a threat to the Dollar

Now he was in a meeting of the Financial Services Committee to comrades-in-arms in the fight against the supposed cryptographic Evil:

I'm looking for colleagues who introduce me to together a bill to prohibit the purchase of crypto-currencies by Americans, so that we can nip this in the Bud.

In his remarks, he described the many aspects of the threat posed, in his opinion of Bitcoin. It was far more than the usual allegations, which appear regularly in the media, the funding of terrorism and money laundering. No, Sherman also sees the supremacy of the USA in the political world and in the financial sector threatened:

A large part of our international Power is based on the fact that the US Dollar is the standard unit for international Finance and transactions. The Clearing by the New York Fed is crucial for important Oil and other transactions.

crypto-currencies: attack on the rule of law?

A Superiority of Bitcoin over Fiat money he recognises, however, in the negative sense:

Whether it is now a matter of our foreign policy, to disempower our tax collection, or the traditional law enforcement, the advantage of crypto compared with national currency is to support the disempowerment of the United States and the rule of law.

Only a few days ago, the negative comments from US Economist Joseph Stiglitz provided material for discussion in the media. He also spoke for a ban on Bitcoin. Stiglitz, among others, in the anonymity of crypto-currencies a risk for crime. BTC-ECHO reported.

other countries are finding it difficult with the increasing interest of their citizens, in Bitcoin & co. The crypto-currency sector in China since 2017 under strict observation. At that time, the Supervisory authorities began to prohibit ICOs and close the local stock exchanges for crypto currencies. France considers a ban of Privacy Coins. Due to the anonymity of these currencies, would wash the risk of criminal activity, such as money, increase.

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