US Senate Banking Chair suggests outlawing cryptocurrencies
The SEC and Commodity Futures Trading Commission (CFTC) should consider banning cryptos, according to Sherrod Brown, chairman of the US Banking Committee.
During an appearance on NBC’s “Meet the Press” on December 18, Brown however clarified that enforcing a ban would be challenging. “We want them to do what they need to do at the same time, maybe banning it, although banning it is very difficult because it would go offshore, and who knows how that would work,” he said.
Brown said he shared the “same thought” as Senator Jon Tester, who thinks cryptos should be outlawed, in answer to a host’s earlier query. Read more here
