Bitcoin is increasingly becoming a political issue. The latest examples are the Statements of various US currencies are the Deputy for the regulation or banning of Crypto. Not least in the context of current debates on Facebook Libra the climate for Bitcoin & co. seems to be friendly.

Brigitte Bernhardt
At the 2. August 2019 BTC$10.507,00 4.72% part Facebook Twitter LinkedIn xing mail

On the 30. July, took place in the U.S. Senate, a hearing on the legal framework of crypto-currencies and Blockchain. During this meeting, the Chairman of the U.S. Senate Committee on banking, housing, and urban Affairs, Mike Crapo (Idaho) showed a positive view of Bitcoin & co.:

With a reasonable level of regulation of digital currencies and their innovative and could provide the underlying technology has significant advantages, and I am looking forward to learn during this hearing, more about the Ecosystem.

ban of Bitcoin ban is not possible

In addition, the Chairman took the view that the United States would not be able to ban Bitcoin & co.:

would decide If the United States – and I’m not saying that you should – if the United States would decide that it is in the United States no crypto-currencies, and try you, then I’m pretty confident that we would have no success with it, because this is a global technology, a global Innovation.

in the Meantime, there are a number of members of the US open for a future with crypto-currencies. To a Facebook announcement, a own Coin, Libra is likely to bring out, a reason to be. Not only in the media, the topic got a lot of attention. Also on the political level, the prospect of digital money, the dates calculated from the data octopus Facebook led, for discussions.

View of Bitcoin grows

just As convinced that Bitcoin is unstoppable, said the Republican MP Patrick McHenry (North Carolina), at 17. July. He said in the aftermath of the meeting of the Finance Committee of the U.S. Congress, Bitcoin can’t be killed. However, there are new Coins, trying to imitate him, but neither decentralized nor fully open are definitely ways to destroy it.

In an Interview with CNBCs Squawk Box, he mentioned also the potential of crypto-currencies. Specifically, for cost reductions when it comes to payment as well as for financial inclusion. As an example of the latter, he described the Problem of immigrants who send every week money to their families in their home, and seven to ten percent of the fees at Western Union to pay.

Attention: The crypto-compass is the first digital magazine for digital currencies and Blockchain Assets. He provides you with monthly exclusive assessments, Insights and comprehensive analysis of the current situation on the Blockchain- & crypto-markets. Only now and only for as long as the stock enough: In the Abo incl. FREE Bitcoin-T-Shirt

More:

BitPay is a Service in Germany, and Pay with Bitcoin Ade? Bitcoin price rises in spite of regulation to try and „elaborate design“: the Indian Finance Minister, ban on extremely to Bitcoin and solves the debate of #regulation#US Congress#prohibition