Commoney Wise
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos
  • Login
  • Register

  Breaking
Gold Price Forecast: XAU/USD unlikely to budge during the upcoming week of central bank meetings – Commerzbank June 9, 2023
Amazon, Target modify deliveries in areas with poor air quality June 9, 2023
Man pleads guilty to helping 2 others charged with fatally shooting rapper Young Dolph June 9, 2023
Family members co-signed bond for George Santos, court filing says June 9, 2023
JPMorgan bond chief Bob Michele sees worrying echoes of 2008 in market calm June 9, 2023
Next
Prev

en English
en Englishes Españolde Deutschfr Françaisit Italianopt Portuguêsru Русскийzh-CN 简体中文hi हिन्दीja 日本語
Casino
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos
No Result
View All Result
Commoney Wise
Casino
  • News
  • Politics
  • Business
  • Economy
  • Finance
  • Investing
  • Markets
  • Crypto
  • Tech
  • Videos
Home Crypto

US senator: There’s ‘no reason why’ crypto should exist

Staff by Staff
December 12, 2022
in Crypto
0 0
A A
0

Another crypto-skeptic United States senator is on the loose, with Democrat Jon Tester boldly stating that he sees “no reason why” crypto should exist.

Tester is the senior senator of Montana and has held a seat there since 2007. He also serves on the Senate Banking Committee, which is one of the key players involved in the ongoing debate over U.S. crypto regulation.

During a Dec. 11 appearance on NBC’s Meet the Press, Tester argued that as crypto has no real value at all, the sector shouldn’t be regulated, as that would give it legitimacy.

“It’s not been able to pass the smell test for me. I have not been able to find anybody who’s been able to explain to me what’s there other than synthetics […] which means nothing,” he said, adding that:

“The problem is if we regulate it, and I pointed this out to some of the regulators here a week or two ago, if we regulated it, it may give it the ability of people to think it’s real.”

In line with such thinking, Tester then went on to state that he sees “no reason why this stuff should exist” at all.

The crypto community wasn’t shy about slamming the senator’s anti-crypto remarks and his self-admitted lack of crypto knowledge, with user @BS0064 sayingthat it’s “always good to see people who have no idea what they’re talking about to express really strong opinions on the matter.”

Also, @blocknonprofit argued, “it is real… imagine all those cryptos are just tech stocks not traded on traditional exchanges used today.”

Tester’s most-recent testy comments come just a couple of weeks after he told media startup Semafor that the sector was “all bullshit” and that he can’t “figure out what supports it.”

Semafor’s Dec. 1 article was also littered with negative crypto stances from a bunch of Democrat senators, with crypto-hater Elizabeth Warren going in hard by noting: “finally, there are more people blowing the bullshit whistle.”

Bernie Sanders was at least more diplomatic, stating that he’s “not a big fan” of crypto.

Related: Senate Banking Committee Democrats warn SoFi about meeting its compliance deadline

Commenting on the article via Twitter, Semafor Washington editor Jordan Weissmann suggested that since the FTX debacle went down, “Dems suddenly feel free to say what they really think about the crypto industry.”

After FTX, it seems Dems suddenly feel free to say what they really think about the crypto industry.

Jon Tester told our reporter yesterday that he thinks the entire thing is “bullshit.” Warren, Brown, and Sanders also had words. https://t.co/LzbCM9SkJD

— Jordan Weissmann (@JHWeissmann) December 1, 2022



Read the full article here

ShareTweetSharePinShareSendShare
https://www.madmoneycasino.com/?faff=667&sub=DemCasino

Related Articles

Crypto

US Justice Department Charges Two Russian Nationals With Stealing Thousands of Bitcoin Linked to Mt. Gox

June 9, 2023
Crypto

US court rejects Fed’s motion to dismiss Custodia Bank case

June 9, 2023
Crypto

Robinhood Delists Cardano, Polygon and Solana Following SEC Labeling Them As Securities

June 9, 2023
Crypto

Kevin O’Leary doesn’t rule out criminal charges for Binance

June 9, 2023
Crypto

Google Cloud Offers Certain Customers Up To $1M for Cryptomining Attacks, Countdown Until MiCA Enters into Effect Officially Starts, Hong Kong to Lay Foundations to Implement Retail CBDC

June 9, 2023
Crypto

US senators propose AI bills for transparency and innovation

June 9, 2023
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Commoney Wise

Commoney Wise is your one stop news website for the latest finance, business and crypto news, follow us to get the news that matters to your minute by minute.

Our Other Brands Kronosslott, Commoneywise, Demcasino.de, SportsExtremes.tv, Slotgamesusawwr, Coin Desk Times, Kingsofgolf.be

Topics

Business Commodities Crypto Economy Finance Forex Futures Investing Markets News Politics Stocks Tech Videos

Get Informed

The most important world news and events of the day

Be the first to know latest important news & events directly to your inbox.

By signing up, I agree to our TOS and Privacy Policy.

  • Privacy
  • Terms
  • Press
  • Advertise
  • Contact

© 2022 Commoney Wise. All Rights Reserved.

No Result
View All Result
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos

© 2022 Commoney Wise. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.