Congressman Brad Sherman calls for a bill to ban all cryptocurrencies

[Lauda]

Video: https://old.reddit.com/r/Bitcoin/comments/bmow4l/today_in_congress_rep_sherman_called_for_a_bill/?st=jvi6dfrv&sh=7c6c6eb6
Alternative link: https://twitter.com/APompliano/status/1126595123595358209

Favorite quote from reddit:

Tulips, fraud, ponzi scheme, dead... slow, inefficient and unreliable... volatile... And yet it threatens to "take power away from the USD"? Interesting.

Final note from reddit: Of course it's a Democrat and 'muricans are free. I was quite surprised that there wasn't a thread about this yet.

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[theymos]

This guy is the worst, an ultra-statist. He's been anti-Bitcoin for at least a couple of years, since I've heard this stuff from him several times before, and he's also consistently anti-freedom in all other areas. Someone should set up a dark money nonprofit in his district with a mission of "educating voters about the problems with restricting freedom, such as banning cryptocurrencies" or something like that, and accept worldwide BTC donations.

[sheenshane]

Ain't know what exactly the point why Sherman calls for crypto and alleging it that it disempowers the American foreign policy and is diminishing the rule of law.

Well, maybe cryptocurrency affects the dollar slightly these days as they are already noticing it already.
However, if the cryptocurrency will be banned to the US, what would happen to the previous investors?
If the government could compensate it then that is a sure thing.

[Lauda]

This guy is the worst, an ultra-statist. He's been anti-Bitcoin for at least a couple of years, since I've heard this stuff from him several times before, and he's also consistently anti-freedom in all other areas. Someone should set up a dark money nonprofit in his district with a mission of "educating voters about the problems with restricting freedom, such as banning cryptocurrencies" or something like that, and accept worldwide BTC donations.

Statists are indeed one of the worst kinds; the people should be in control of the state and not vice-versa. I've read about him being anti-freedom in other discussions. This reminded me of:


https://twitter.com/aantonop/status/667365048507957248

Ain't know what exactly the point why Sherman calls for crypto and alleging it that it disempowers the American foreign policy and is diminishing the rule of law.

That would be a good thing for the whole world except the oil cartel, banking cartel, military cartel etc. Dollar being the main currency of trade has been absolutely abused in every conceivable way.

[KingScorpio]

This guy is the worst, an ultra-statist. He's been anti-Bitcoin for at least a couple of years, since I've heard this stuff from him several times before, and he's also consistently anti-freedom in all other areas. Someone should set up a dark money nonprofit in his district with a mission of "educating voters about the problems with restricting freedom, such as banning cryptocurrencies" or something like that, and accept worldwide BTC donations.

he isnt just a statist, the american banking cartel has not much to do with a social state since the soviet union is gone,

the american banking cartel is simply just a scam run by that particular banking cartel and its billionaires.

the upcomming trade war with china will reveal that its not really desired by the elite that the population is supposed to aquire themselves equity they simply want to controll the financial system this could then break both societies.

[TimeBits]

I don`t know if you noticed but he almost slipped here at 7 seconds, OUTLAW OWNERS

HEY DUMB FUCK HOW ABOUT WE OUTLAW FIAT

[Beerwizzard]

It seems like the American bureaucracy and lobbyism are aiming to ban cryptocurrencies. But it is not that aggressive how it is happening somewhere in pharma sphere when politicians are pushing absolutely retarded laws (and they are bringing even the same arguments).

That would be a good thing for the whole world except the oil cartel, banking cartel, military cartel etc. Dollar being the main currency of trade has been absolutely abused in every conceivable way.

USD is stable and the entire world is totally fine about that. It is pretty naive to think that all this crypto FUD would somehow change the situation.

[TimeBits]

It seems like the American bureaucracy and lobbyism are aiming to ban cryptocurrencies. But it is not that aggressive how it is happening somewhere in pharma sphere when politicians are pushing absolutely retarded laws (and they are bringing even the same arguments).

That would be a good thing for the whole world except the oil cartel, banking cartel, military cartel etc. Dollar being the main currency of trade has been absolutely abused in every conceivable way.

USD is stable and the entire world is totally fine about that. It is pretty naive to think that all this crypto FUD would somehow change the situation.

I am part of the entire world, I am not fine with fiat being "stable", by printing more money to make more debt to make more Jenga towers that will collapse at the slightest breeze.
You are hyper inflating the problem the longer you go on. Go walk into a Timmies here at 4 in the morning or mcdonalds, there is 10 people in every single one of them who are on ODSP or OW. IT IS THEIR HOME.
WHAT THE FUCK ARE THEY GOING TO DO WHEN THE POWER GOES OUT? COME TO MY FARM AND STEAL MY SHIT? WHILE THESE DIP SHITS SIT IN THE BUNKERS MY TAXES PAID FOR

BEERWIZZARD STOP GIVING A SHIT ABOUT FIAT PRICE AND START GIVING A SHIT ABOUT PEOPLE THOSE PEOPLE GIVE THAT FIAT ITS FUCKING WORTH, THE WORKING CLASS NOT THE FUCKING JOB CLASS

[TimeBits]

and this what I pay these cunts for? https://twitter.com/i/status/1124256820204273665

[Lauda]

USD is stable and the entire world is totally fine about that. It is pretty naive to think that all this crypto FUD would somehow change the situation.

What nonsense are you spewing? The USD is the source of most evil in the world. Wake up already; what's the point of you being here if you're still under MSM manipulation?

and this what I pay these cunts for? https://twitter.com/i/status/1124256820204273665

This is what happens when you let the rich create monopolies and oligarchies. France is a police-state shithole. It's time to take the power back.

[KingScorpio]

This guy is the worst, an ultra-statist. He's been anti-Bitcoin for at least a couple of years, since I've heard this stuff from him several times before, and he's also consistently anti-freedom in all other areas. Someone should set up a dark money nonprofit in his district with a mission of "educating voters about the problems with restricting freedom, such as banning cryptocurrencies" or something like that, and accept worldwide BTC donations.

he is a dollar statist, wants to empower the usd financial cartel

[mescalito]

Too late, the rocket has reached orbit. Anyway I wonder if the rumors about Russia buying BTC are true.

[KingScorpio]

Too late, the rocket has reached orbit. Anyway I wonder if the rumors about Russia buying BTC are true.

nope they are not true russia is simply using btc and crypto to destroy usd and emberass the american banking cartel that calls itself liberal, onces that is done btc and the usd is gone and russia becomes financial centre

[erikalui]

In India, we are facing these threats of cryptocurrencies being banned almost everyday. Bills being passed around almost every year but no outcome. https://economictimes.indiatimes.com/news/economy/policy/government-department-discuss-draft-bill-to-ban-cryptocurrencies/articleshow/69048480.cms

Till someone doesn't go on a hunger strike, no bill is passed easily.

[mayo2u]

What nonsense are you spewing? The USD is the source of most evil in the world. Wake up already; what's the point of you being here if you're still under MSM manipulation?

Hyperbole doesn't help the cause of decentralized currency. The USD is no more the source of evil that is the ruble, the EU or the yuan, or any other fiat currency.

There will always be a role for fiat. What's necessary is the creation (done) and spread of decentralized crypto currencies.  What's best is for these cryptos to coexist with fiat and not be illegal.

[KingScorpio]

What nonsense are you spewing? The USD is the source of most evil in the world. Wake up already; what's the point of you being here if you're still under MSM manipulation?

Hyperbole doesn't help the cause of decentralized currency. The USD is no more the source of evil that is the ruble, the EU or the yuan, or any other fiat currency.

There will always be a role for fiat. What's necessary is the creation (done) and spread of decentralized crypto currencies.  What's best is for these cryptos to coexist with fiat and not be illegal.

of course usd is main source of evil look what american banks invest in and what european banks invest in, or soviet banks invested in.

[mayo2u]

What nonsense are you spewing? The USD is the source of most evil in the world. Wake up already; what's the point of you being here if you're still under MSM manipulation?

Hyperbole doesn't help the cause of decentralized currency. The USD is no more the source of evil that is the ruble, the EU or the yuan, or any other fiat currency.

There will always be a role for fiat. What's necessary is the creation (done) and spread of decentralized crypto currencies.  What's best is for these cryptos to coexist with fiat and not be illegal.

of course usd is main source of evil look what american banks invest in and what european banks invest in, or soviet banks invested in.

What do US banks invest in that's evil compared to EU banks or Russian banks?  This is a real question.

All banks invest in whatever brings the most return including oil companies (I have no problem with that); gun companies (I have no problem with that), etc... What do US banks do that the others don't?

[Lauda]

What nonsense are you spewing? The USD is the source of most evil in the world. Wake up already; what's the point of you being here if you're still under MSM manipulation?

Hyperbole doesn't help the cause of decentralized currency. The USD is no more the source of evil that is the ruble, the EU or the yuan, or any other fiat currency.

There will always be a role for fiat. What's necessary is the creation (done) and spread of decentralized crypto currencies.  What's best is for these cryptos to coexist with fiat and not be illegal.

of course usd is main source of evil look what american banks invest in and what european banks invest in, or soviet banks invested in.

What do US banks invest in that's evil compared to EU banks or Russian banks?  This is a real question.

All banks invest in whatever brings the most return including oil companies (I have no problem with that); gun companies (I have no problem with that), etc... What do US banks do that the others don't?

Are you sure that you aren't a paid shill or you're just drinking the MSM kool-aid on a daily basis?

[mayo2u]

What nonsense are you spewing? The USD is the source of most evil in the world. Wake up already; what's the point of you being here if you're still under MSM manipulation?

Hyperbole doesn't help the cause of decentralized currency. The USD is no more the source of evil that is the ruble, the EU or the yuan, or any other fiat currency.

There will always be a role for fiat. What's necessary is the creation (done) and spread of decentralized crypto currencies.  What's best is for these cryptos to coexist with fiat and not be illegal.

of course usd is main source of evil look what american banks invest in and what european banks invest in, or soviet banks invested in.

What do US banks invest in that's evil compared to EU banks or Russian banks?  This is a real question.

All banks invest in whatever brings the most return including oil companies (I have no problem with that); gun companies (I have no problem with that), etc... What do US banks do that the others don't?

Are you sure that you aren't a paid shill or you're just drinking the MSM kool-aid on a daily basis?

I'm positive that I'm not getting paid. And I don't watch any MSM.

Closest thing to MSM that I get is realclearpolitics.

I get my political news from youtubers such as Styxhexxenhammer, Tim Pool, China Uncensored .... but not the MSM.

You may find it obvious that US banks do worse things than EU banks.  I haven't seen it. Now this doesn't mean that I think that they are "good". It just means that I haven't seen anything that makes them "worse".

[KingScorpio]

What nonsense are you spewing? The USD is the source of most evil in the world. Wake up already; what's the point of you being here if you're still under MSM manipulation?

Hyperbole doesn't help the cause of decentralized currency. The USD is no more the source of evil that is the ruble, the EU or the yuan, or any other fiat currency.

There will always be a role for fiat. What's necessary is the creation (done) and spread of decentralized crypto currencies.  What's best is for these cryptos to coexist with fiat and not be illegal.

of course usd is main source of evil look what american banks invest in and what european banks invest in, or soviet banks invested in.

What do US banks invest in that's evil compared to EU banks or Russian banks?  This is a real question.

All banks invest in whatever brings the most return including oil companies (I have no problem with that); gun companies (I have no problem with that), etc... What do US banks do that the others don't?

they are investing in mainly american interests, thats useless for the majority of the world as usa has no geographic interest in the stability of the other part of the world

we need a better more independent financial regime in europe and russia.

[r1s2g3]

That guy want to ban bitcoin because he think it will strengthen Dollar but in reality he should think of China's yuan.

https://www.thebalance.com/u-s-debt-to-china-how-much-does-it-own-3306355

Do he have any idea that how worst the China can hit the so called "US Supremacy".

[squatz1]

*yawn*

Once Crypto faces a real problem, there will be a bipartisan push to do something like this. This guy is in the pockets of the financial industry, and is just trying to flex his muscles so he can use that to gain more money. Nothing new in the world of politics.

Sadly.