- There will be no ban on crypto- The House Democrat from California.
- Congressman Brad Sherman wishes to ban virtual assets.
A vocal anti-crypto policymaker in the United States is allegedly accepting that a ban on virtual assets is not offered for discussion in Congress currently.
According to a report of The Los Angeles Times, a daily newspaper that started publishing in Los Angeles, the crypto-skeptic Congressman Brad Sherman wishes to ban virtual assets, but the House Democrat from California thinks that it is not going to happen someday soon.
“I don’t believe that we will be listening the news of getting a ban over virtual assets someday soon. Fund for promoting and fund for campaign donations works, or people will not do it; that is the reason we have not put a ban over crypto. We did not ban it in the starting just because we hadn’t realization it was essential, and we have not ban it currently due to extensive fund and power backing it.”
The policymaker tensed about digital asset investor security
Sherman has extensive experience in taking on digital assets, adding passing for a bill in the year 2019 to make it illicit for the citizens of America to purchase and sell crypto assets.
The policymaker is tense about digital asset investor security, along with the potential of cryptocurrencies to depress the dollar. Sherman also accepts it is not easy to halt up people from spending money the way they just wish to spend it.
“It is not easy to be managing the subcommittee devoted to investor security in a state in which citizen wish to bet on. Crypto is a meme in which you spend your money, hoping that you can sell that to some other before it sinks. That is a good about a Ponzi scheme.”
Source: https://www.thecoinrepublic.com/2022/09/07/congress-has-no-plans-to-ban-crypto-us-policymakers/