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Re: Is This the End of Crypto? This U.S. Congressman Hopes So...
by
Yaunfitda
on 15/06/2023, 15:30:33 UTC
In a recent CNBC interview, U.S. Congressman Brad Sherman openly expressed his hope for the end of cryptocurrencies, a stance that will ruffle the feathers of crypto enthusiasts.  "I hope so, don't think so," was Sherman's succinct response when asked if the ongoing crackdown signaled the end of cryptocurrencies in America. His caustic comment follows recent regulatory actions taken by the SEC against major cryptocurrency exchanges, Binance and Coinbase. The Congressman, who is well-known for his anti-crypto stance, took issue with the idea that cryptocurrencies could benefit the economy or consumers, stating that their primary use was to evade the U.S. government and sanctions.

Read more on
U.Today https://u.today/is-this-the-end-of-crypto-this-us-congressman-hopes-so
On the contrary, the those Democrats might be creating their own problems but attack crypto itself.

https://beincrypto.com/leaked-memo-democrats-organized-anti-crypto/

Quote
The memo appears to underscore partisan divisions among those charged with financial regulation. It suggests that crypto will become an even more partisan issue.

The document instructs Democrats in Congress to attack Republicans on multiple fronts. Including, on hammering them on the funding of the Commodity Futures Trading Commission, and backing Gary Gensler’s classification of “nearly” all crypto assets as securities.

So yeah, in the next election majority might lose their seats in Congress if they continue with their attacks and hard line on crypto.

As for the end, I doubt it, even US can't and won't stop it as this is the future.