Senator Says Crypto Ban May Be Considered in U.S.

The Senate Committee on Banking, Housing, and Urban Affairs chairman suggested banning cryptocurrency.

He conceded that banning cryptocurrency would be difficult. “Maybe prohibiting it

“It will go offshore, so banning it is really difficult,” the member stated.

In late November, Brown requested Treasury Secretary Janet Yellen to rein in cryptocurrency companies like ftx.

After Mt. Gox collapsed in 2014, Sen. Joe Manchin (D-WV) wrote to federal officials requesting a Bitcoin ban.

Last year, Federal Reserve Chair Jerome Powell stated he would not ban cryptocurrencies.

Cryptocurrency exchanges may be banned in several countries.