Senator Sherrod Brown of the United States argued that it would be very difficult to implement such a prohibition due to the fact that the activity in question would just move offshore.
Sherrod Brown, the chairman of the United States Banking Committee, has proposed that the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) might maybe consider outlawing cryptocurrencies.
In answer to a question that had been posed earlier by a presenter concerning Senator Jon Tester, who is of the opinion that cryptocurrencies need to be outlawed, Brown said that he is of the same opinion.
The congressman from Ohio said that he has been warning his colleagues and the general public about the risks associated with cryptocurrencies for the last eighteen months, and he has been advocating for immediate and stringent action to be done.
He said that he had previously approached the Treasury and the Secretary with…
