Is the future of cryptocurrencies threatened in the United States? In any case, local elected officials do not share the same opinion on bitcoin and other altcoins. Recently, an elected official from Ohio whispered to Chuck Todd (NBC) that the ban on cryptos is not to be spared.
Democratic Senator Sherrod Brown is for the “ban”
” I salute @TheJusticeDept and Bahamian authorities for holding Sam Bankman-Fried accountable.
The @SenateBanking and Housing Committee will continue to work to uncover the risks of crypto to consumers, our financial system, and our national security. »
No sooner had the “Digital Asset Anti-Money Laudnering Act” bill been presented than Sherrod Brown urged US regulators to focus their efforts on the cryptocurrency market. According to The Hill, the current chairman of the Senate Banking, Housing and Urban Affairs Committee would opt for a possible ban on these assets. The highly publicized collapse of crypto exchange FTX does not allow it to remain unmoved, apparently.
” Maybe ban it, although banning it is very difficult because it will go abroad and who knows how it will work he said on NBC’s “Meet the Press” show.
Democratic Senator Brown, like other senators, fears that cryptocurrencies will affect the “ national security “. In his opinion, these assets are dangerous since they can be associated with:
- cybercriminal activities, such as North Korea’s Lazarus Group;
- drug traffic ;
- human trafficking;
- the financing of terrorism.
Colossal are the losses caused by the FTX fiasco that occurred at the beginning of November. SBF, the deposed CEO of this crypto exchange is currently behind prison bars in the Bahamas. But US federal authorities, who accuse Samuel of having taken clients’ funds, demand that he be extradited to the United States.
US senators divided over cryptocurrencies
Mr. Brown like other Democratic and Republican senators see cryptos as a “ unregulated complicated money pot “. Reason for which he did not stop educating his colleagues on the subject.
” I have spent much of the last eight and a half years in this position as Chairman of the Banking, Housing and Urban Affairs Committee educating my colleagues and trying to educate the public about cryptocurrencies and the dangers what they represent for our security as a nation and for the consumers who are fooled by them. »
His friends Elizabeth Warren and Roger Marshall and will soon follow his directives if their DAAMLA bill is taken into account.
Luckily the US Senate is also home to enthusiasts like Senators Lummis, Cruz, etc. Basically, the ban on cryptocurrencies will not have the unanimity of American elected officials in the event of a vote.
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