U.S. Congressman calls for bill to ‘outlaw’ cryptocurrencies120

In a Financial Services Committee hearing on Thursday, U.S. Congressman Bradley Sherman (D-CA) called on Congress to propose a bill outlawing cryptocurrencies.

"I look for colleagues to join with me in introducing a bill to outlaw cryptocurrency purchases by Americans...in part because an awful lot of our international power comes from the fact the dollar is the standard unit of international finance and transactions," Sherman said.

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