US Congressman introduced a bill to ban Bitcoin

[squatter]

This is old news. Sherman introduced the bill over a month ago. He also has a very long history of trying to lambast Bitcoin and cryptocurrencies in Congress -- and he's been very unsuccessful at convincing anyone.

I wouldn't worry about this bill, especially since many legislators at the state level are taking the opposite approach. This far more favorable cryptocurrency/token bill is more likely to pass, although I wouldn't get my hopes up for that, either.

[samsul1234]

Bitcoin Threatens To 'Take Power' From The U.S. Federal Reserve

Bitcoin has long been called a threat to the existing financial system and the central banks that run it—though these claims have in the past been largely fringe ideas.The bitcoin price, now hovering around $8,000 per bitcoin, double what it began the year at, is often closely tied to public awareness of cryptocurrencies and the latest bitcoin bull run beginning in early April re-started the public debate on bitcoin.

Now, U.S. Democrat Congressman Brad Sherman has urged his colleagues to consider banning bitcoin and cryptocurrencies due to the threat they pose to U.S. international financial power, saying bitcoin needs to be "[nipped] in the bud."

https://www.forbes.com/sites

bitcoin is now unable to be controlled for its own rise and according to him the value of bitcoin is a lot of people who speculate about the price of bitcoin which makes bitcoin a big threat to some of the country's finances is not good for developed countries today only and if it's not under control it will become a very terrible reality, I believe bitcoin will be taken over by the US maybe in a short time

[samsul1234]

He's not the first and not the last to try to ban bitcoin and he doesn't see that if he screams that some virtual coin is weakening the Fed it means the Fed is already very weak. It also means that the fed seeks to have full control over money. I thought money was made for the people and to be governed by the laws of economics. 

When people don't want your printed money and have their own ban their money! Genius!

Bitcoin mining in my opinion will have a huge impact on all of us, I know how the miners are working maybe now I am upset with the miner

[kecha1]

The banks put pressure on the government, obviously. After all, their power will come to an end when crypto becomes an integral part of our lives

[Leonardo7]

Her time and energy should be channel to a more important and pressing need of the people. Maybe she wants to get popular with the bill which I will love to refer to as a dead bill on arrival. Case close=no case. Bitcoin has won.

[krb91]

At the end of the day, it's the fear of the potential Bitcoins and the cryptocurrency market in general holds that scares them; the thought of a non-centralized currency that they cannot control is something for them to be scared of, considering the fact that 20% of the global population controls 80% of its wealth resources. I think crypt I currencies in general will lead to a further distribution of wealth, taking away power from many of these centralized authorities and platforms. That is the major reason why they are infiltrating the market with their regulated cryptocurrencies.