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-soBased on my experience here, I'm pleased to report that the prominent influencers in this field do not endorse replacing the dollar with cryptocurrency. It seems that someone might be searching for an excuse to support a witchhunt. If the country were to be investigated, it's possible that they could be one of the countries benefiting the most from the increased interest in crypto investments.