Issues related to crypto regulation are periodically raised in the US Congress. Last Wednesday, the House of Representatives Finance Committee again held a meeting to assess the risks and implications of legalizing digital currencies.
This event was attended by representatives of the expert community. They told the congressmen about the possibilities of blockchain technology.
House committee member Brad Sherman emphasized that investing in cryptocurrencies is an extremely risky venture.
Bitcoin and other virtual coins are volatile, someone is making money in this market. However, other investors, on the other hand, are losing their savings.
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According to the congressman, pension funds should not be allowed to be invested in BTC. That must be done in order not to leave pensioners without a livelihood.
However, another member of the financial committee, Tom Emmer, on the contrary, believes that the crypto sphere needs to be legalized. That will help us accelerate the American entry into digital currencies.
People will be able to make money by investing in business projects focused on the cryptocurrency industry.
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The congressman said: "Over the past few years, I have been fortunate enough to meet many crypto enthusiasts and blockchain advocates. During our conversation, they said that they strongly want to develop their business in the United States. However, they do not do this due to the lingering uncertainty with crypto regulation."