{"id":110237,"date":"2019-07-19T11:44:56","date_gmt":"2019-07-19T18:44:56","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=110237"},"modified":"2019-11-07T02:52:02","modified_gmt":"2019-11-07T02:52:02","slug":"congressman-brad-sherman-complete-ban-cryptocurrency-bitcoin","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/congressman-brad-sherman-complete-ban-cryptocurrency-bitcoin\/","title":{"rendered":"Congressman Brad Sherman calls for a complete ban on cryptocurrency, says Bitcoin only facilitates \u201cnefarious transactions\u201d"},"content":{"rendered":"

Congressman Brad Sherman, a vocal critic of the crypto industry, again called<\/a> for a complete ban on cryptocurrencies. Sherman said Bitcoin had no real use other than to fund illicit activities and warned about the risks cryptocurrencies pose to the political and financial stability in the U.S., he said in an interview with Bloomberg.<\/p>\n

Cryptocurrencies only facilitate nefarious activities, California Congressman says<\/h2>\n

While the attitude of the U.S. Congress towards Bitcoin has been mellowing down in the past couple of weeks, there is still a strong political current fighting for a world without cryptocurrencies. Congressman Brad Sherman, a ranking member of the House Financial Services Committee, seems to be leading<\/a> that current.<\/p>\n

Sherman recently appeared on Bloomberg TV to discuss the dangers of Facebook<\/a>‘s proposed cryptocurrency, Libra, saying that it poses an unprecedented threat to the U.S. economy and national security. However, the discussion quickly turned to cryptocurrencies in general, with Sherman saying that they serve no function unless it's to facilitate “nefarious transactions.”<\/p>\n