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

[{"selector":"#anim-6d2436a4-1a0c-4040-8744-4c74a495732f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(33.84712828036338%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The Senate Committee on Banking, Housing, and Urban Affairs chairman suggested banning cryptocurrency.

[{"selector":"#anim-81b1ee12-8f8e-4836-ae96-212fee8ee111 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] He conceded that banning cryptocurrency would be difficult. “Maybe prohibiting it

[{"selector":"#anim-2381fada-e6bf-4b6e-b5a2-93e89377bab8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.35190206075711%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] “It will go offshore, so banning it is really difficult,” the member stated.

[{"selector":"#anim-31e11f2a-386f-4375-864a-58f05a656c13 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-53.76966795355792%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] In late November, Brown requested Treasury Secretary Janet Yellen to rein in cryptocurrency companies like ftx.

[{"selector":"#anim-6dd85c24-57bf-4da7-ae06-9495f47fa5e2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.284090795523493%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] After Mt. Gox collapsed in 2014, Sen. Joe Manchin (D-WV) wrote to federal officials requesting a Bitcoin ban.

[{"selector":"#anim-3a64cee6-8ad7-4846-bbd4-eb415b33e619 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-3.552713678800501e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Last year, Federal Reserve Chair Jerome Powell stated he would not ban cryptocurrencies.

[{"selector":"#anim-964d3a20-0ae1-4dd0-9e92-8e24b6d99699 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Cryptocurrency exchanges may be banned in several countries. Learn more