[2018-08-21] US Congress Considering Validating Bitcoin

[AMLBitcoin]

Friday afternoon the value of “Bitcoin cash,” an offshoot of the digital currency Bitcoin, surged 40 percent to $655. As the volatile currency increases in value it also increases in interest in Washington, which has mostly ignored its rise in popularity. Three Members of Congress are working on legislation to protect certain digital currencies from government interference, The Daily Caller has learned.

Sources on the Hill told the D.C. said various members of Congress are looking at the compliant capabilities of AML Bitcoin, which is a compliant digital currency. Bitcoin is the most famous digital currency, or crypto-currency, and has skyrocket in value over the past few weeks. Business Insider reported    this week that one Bitcoin is now valued at almost $4,400 and “Bitcoin has rallied over 300% since the start of 2017.”

http://dailycaller.com/2017/08/19/congress-considering-validating-bitcoin/

AML Bitcoin ANN thread: https://bitcointalk.org/index.php?topic=2056317

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[error08]

I don't buy it, US congress can not be trusted. After all, this news about considering, nothing more which mean 80% they won't regulate bitcoin. Look at this: The plan would bring digital currency out of the shadows and is expected to be met with support from libertarian leaning members of Congress and some opposition from Treasury officials who don’t want competition for the dollar.
1. out of shadows? it can't be done, they can watch over all exchanges but not with other wallets outside those exchanges.
2. don't want competition for the dollar? bitcoin already surpassed dollar and will always be. People have the right to use the currency that they want.

[snipie]

For the moment, the last thing they care about is regulating bitcoin / cryptocurrencies... They need a higher price, market cap to start acting not only thinking...

[iamTom123]

Friday afternoon the value of “Bitcoin cash,” an offshoot of the digital currency Bitcoin, surged 40 percent to $655. As the volatile currency increases in value it also increases in interest in Washington, which has mostly ignored its rise in popularity. Three Members of Congress are working on legislation to protect certain digital currencies from government interference, The Daily Caller has learned. Sources on the Hill told the D.C. said various members of Congress are looking at the compliant capabilities of AML Bitcoin, which is a compliant digital currency. Bitcoin is the most famous digital currency, or crypto-currency, and has skyrocket in value over the past few weeks. Business Insider reported    this week that one Bitcoin is now valued at almost $4,400 and “Bitcoin has rallied over 300% since the start of 2017.”
http://dailycaller.com/2017/08/19/congress-considering-validating-bitcoin/
AML Bitcoin ANN thread: https://bitcointalk.org/index.php?topic=2056317

I am particularly confused about your topic. I assumed you are talking about Bitcoin yet your first paragraph is more on BitcoinCash (BCH). And towards the end, you seems to be promoting another altcoin called AML Bitcoin. Oh well, maybe we should try to self-regulate when using the forum...I mean let's make sure that we are posting is really contributing to the forum and the other members and we are not just here solely to promote something. I have no problem with promoting anything since I am a marketer too but we should not do it to the detriment of the platform we are using.

Anyway, to your topic, I think it is good that there are now lawmakers who can be taking the cudgels for the recognition of Bitcoin but let us leave them with their jobs as anything that can be connected with politicians got the tendency to be politicized. Let us just wait further developments on this regards.