US Lawmaker Says ‘Too Much Money and Power’ Behind Crypto to Ban It

Bitcoin.com | Sep 5, 2022 at 3:00 AM
  • U.S. Representative Brad Sherman says Congress has not banned crypto because “there’s too much money and power behind it”.
  • The U.S. lawmaker from California, who chairs a House subcommittee on investor protection, wants to outlaw cryptocurrency but does not believe Congress will take such action.
  • Not only is the congressman concerned about individual investors being defrauded, but he also views cryptocurrency as a threat to the national security of the U.S.