US congressman and crypto skeptic explains why a crypto ban won’t work

Cointelegraph

Published Sep 05, 2022 04:31AM ET

Updated Sep 06, 2022 06:40AM ET

In a recent interview, United States congressman and a known crypto skeptic Brad Sherman claimed that banning cryptocurrencies is not an option at this point.

In a statement to LA Times, the Northridge-area Democrat said that the crypto industry has become quite powerful over the years. He added that the high capital donations to the politicians and strong crypto lobbying make it impossible for them to impose a blanket ban. He explained:

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