Sen. Joe Manchin calls for a Bitcoin ban as regulators seek ‘accelerated push’
Source: Washington Post
The implosion of a once-popular Bitcoin exchange has some lawmakers calling for a ban on the virtual currency.
On Wednesday, Sen. Joe Manchin (D-W. Va) wrote a letter to regulatory agencies arguing that Bitcoin is "disruptive to our economy."
"The clear ends of Bitcoin for either transacting in illegal goods and services or speculative gambling make me wary of its use," Manchin wrote. "I urge the regulators to work together, act quickly, and prohibit this dangerous currency from harming hard-working Americans."
Mt. Gox, which is based in Tokyo but has become one of the most well-known exchanges around, was still inactive on Wednesday after an unverified document obtained by Bitcoin entrepreneur Ryan Selkis seemed to show that nearly $400 million in bitcoins was missing. Mt. Gox had already suspended withdrawals last month and on Monday, its CEO stepped down from the board of a major Bitcoin lobbying organization.
Read more: http://m.washingtonpost.com/blogs/the-switch/wp/2014/02/26/sen-joe-manchin-calls-for-a-bitcoin-ban-as-regulators-seek-accelerated-push/
Cayenne
(480 posts)Dopers_Greed
(2,640 posts)Wall Street shysters = engine of the economy
Bitcoin = harms hard-working Americans
villager
(26,001 posts)dutiful water-carrier that he is....
JoeyT
(6,785 posts)The main rule being "Always make sure to kick a bunch of your ill-gotten gains back to politicians to make sure they'll defend you when it gets out how badly you've been screwing people."
Champion Jack
(5,378 posts)should take care of the water pollution issues in his home state first