The authorities of the United States need to impose a ban on the purchase of cryptocurrencies and their mining. This statement was made by Congressman Brad Sherman during the hearings Of the Committee on financial services at the House of representatives of the US Congress. As reported by the American news site Coin Desk, specializing in bitcoin and digital currencies, being a part of the Digital Currency Group, Sherman argues that in the future cryptocurrency, perhaps, can become a form of money, however, now they are used either by rogue states to circumvent the US sanctions, or individuals to evade taxes. The Congressman’s words caused different reactions in the digital currency market. Thus, bitcoin began to slow down its unstoppable growth, which had begun early this week. By 13:23 Moscow time cryptocurrency № 1 “increased in weight” by 0.68% and was evaluated at 7466.9 dollars. But the Ethereum loses 3.32%, down to $ 464,48. At the same time, during the hearings in the House of representatives, the former director of the data analysis center of the Heritage Fund, Norbert Michel, noted that the possible use of cryptocurrencies for criminal purposes should not have put a stain on other opportunities of digital currencies. Mr. Michel also noted that the cryptocurrency wouldn’t not be a replacement for the dollar, as long as the Federal reserve would be relatively successfully cope with its function of the national currency manager. According to a senior researcher at Cornell University, Edward Prasad, cryptocurrency has all the chances to have a positive impact on the payment system, simplifying transactions and reducing costs. Recall that in March, the Subcommittee on capital markets, securities and investments of the US house of representatives held hearings with the participation of academic experts and representatives of the crypto-currency industry. Then one of the legislators called cryptocurrencies “a complete absurdity”, facilitating the financing of terrorism and fraudulent startup schemes. |
