Senator Mike Crapo says he's "pretty confident" the US couldn't succeed in banning cryptocurrencies

posted 3 months ago
US Senator Mike Crapo (R-Idaho) said “If the United States were to decide, and I’m not saying it should, if the United States decided we didn’t want cryptocurrency to happen in the United States, and tried to ban it, I’m pretty confident we couldn’t succeed in doing that because this is a global tech, a global innovation.”

Senator Crapo went on to say “It seems to me that digital technology innovations are inevitable, could be beneficial, and I believe that the US should lead in developing these innovations and what the rules of the road should be… With the appropriate balance of regulation, digital currencies and their innovative underlying technology could provide meaningful benefits and I look forward to learning more about the ecosystem during this hearing.”
Tags: opinion, blockchain, bitcoin, news