Bitcoin-Bashing Democrat Calls for Blanket Ban on Cryptocurrencies55.2

By CCN: Bitcoin-bashing Democrat Congressman Brad Sherman is urging his colleagues to pass a law that would ban cryptocurrencies in the United States. “I look for colleagues to join with me in introducing a bill to outlaw cryptocurrency purchases by Americans, so that we nip this in the bud.” Congressman Sherman, who’s from California, made the remarks May 9 at a meeting of the House Financial Services Committee. Sherman says the ban is necessary because crypto threatens to undermine the U.S. dollar and is only useful for criminal activities like money-laundering, drug-dealing, and tax evasion. Sherman: Crypto fans want to

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