Congressman Brad Sherman calls for a complete ban on cryptocurrency, says Bitcoin only facilitates “nefarious transactions”84

Congressman Brad Sherman, a vocal critic of the crypto industry, has called for a complete ban on cryptocurrencies. Sherman said Bitcoin had no real use other than to fund illicit activities and warned about the risks cryptocurrencies pose to the political and financial stability in the U.S., he said in an interview with Bloomberg.

While the attitude of the U.S. Congress towards Bitcoin has been mellowing down in the past couple of weeks, there is still a strong political current fighting for a world without cryptocurrencies. Congressman Brad Sherman, a ranking member of the House Financial Services Committee, seems to be leading that current.

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