• Home
    • Bitcoin News
    • Ethereum News
    • Scam News
    • Regulation News
    • Mining News
    • CBDC News
    • NFT News
  • Blockchain News
    • Web3.0
    • Metaverse
    • DeFi
  • New to Crypto?
  • Press Release
    • Sponsored
    • Advertise at Todayq News
Facebook Twitter Instagram
Todayq News
  • News
    • Bitcoin
    • Ethereum
    • Scam
    • Regulation
    • CBDC
    • Mining
    • NFT
  • Blockchain
    • Web3.0
    • Metaverse
    • DeFi
  • New to Crypto
  • Press Release
    • Sponsored
    • Advertise at Todayq News
Crypto Trading Experts
Twitter Facebook Instagram LinkedIn
Todayq News
News

California Congressional candidates against Bitcoin ban, oppose Brad Sherman

By Avantika Khajuria4 July 2021, 04:08 PM
California Congressional candidates against Bitcoin ban, oppose Brad Sherman

Aarika Rhodes, the Democratic candidate for California’s 30th Congressional District, recently expressed her support for Bitcoin, the most prominent cryptocurrency. She tweeted that

I do not support the ban on bitcoin, & believe people should be able to invest their money in whatever way they see fit. I am PRO financial literacy taught in high school & people being aware of the environmental impact.

Her tweet was a response to Dennis Porter, Bitcoin supporter and Youtuber, who asked her “I see you’re trying to primary Brad Sherman, What is your stance on bitcoin? I ask because Sherman recently called for a ban on bitcoin and said he’d rather buy California Lotto Tickets” than own any bitcoin.”

I do not support the ban on bitcoin, & believe people should be able to invest their money in whatever way they see fit🚀😉. I am 🙋🏽‍♀️PRO financial literacy taught in high school & people being aware of the environmental impact.

Feel free to INVEST here: https://t.co/SIX6yBvMEU 🚀

— Aarika Rhodes 🍎🦉🧢 (@AarikaRhodes) July 3, 2021

Brad Sherman, United States Representative, recently highlighted threats posed to Americans and the U.S. financial system by cryptocurrencies. Sherman urged investors to put their money into the stock market, which will assist grow American businesses, or even the lottery, rather than Bitcoin.

Sherman is no stranger to attacks on digital currency. He has been a vocal opponent of digital currencies for many years. In 2019, he advocated for America to prohibit Bitcoin because it was a danger to the U.S currency. He also referred to Bitcoin as a currency for criminals, specifically drug dealers, terrorists, and tax evaders.

Related: Eric Adams: NYC to transform into a Bitcoin hub, Miami had its run

In response to Sherman’s claim about Bitcoin, Galaxy Digital CEO, Mike Novogratz stated that there is a lot of work to be done in terms of educating politicians and regulators about Cryptocurrency, only by doing so it would be possible to properly regulate the market.

Aarika Rhodes is not the only democratic candidate who favors Bitcoin, Shervin Aazami, her opponent is also a Bitcoin supporter, who vocally contradicted Sherman’s statement by stating

I absolutely do NOT support a ban on Bitcoin or blockchain technology. Blockchain has incredible potential in both education and healthcare. It’s ludicrous and asinine that Brad Sherman supports a ban. But that’s just another policy he is completely out of touch with.

Aazami believes that people need more financial independence from Wall Street banks that are “too big to fail” and promote peer-to-peer accessibility. California enacted a bill regulating the crypto and blockchain industry, although it is not overly restrictive. California was one of the first states to enact cryptocurrency legislation in 2014.

New to Crypto? Enroll in Cryptocurrency Course at Todayq Education

Bitcoin Legal USA
Share. Facebook Twitter LinkedIn Telegram WhatsApp Reddit

Comments are closed.

Must Read

Glassnode: BTC price ranges and liquidity suggest that high volatility is “imminent”

Report: Crypto transactions remain low in the US; highlights potential growth

Ron DeSantis says foresees trouble for Bitcoin under Democrat regime

Instagram
In a significant development for the world’s leading cryptocurrency, Bitcoin, long-term holders (LTHs) have reached an all-time high, now holding a staggering 78% of the total circulating supply.
In a recent development, Bitcoin miners have been observed moving their assets, which could potentially trigger further selling pressure if these assets are liquidated.
According to a recent report, Turkey recorded the highest growth in crypto ownership from 2021 to 2022. Reportedly the crypto ownership in Turkey has marked a splendid 27.1% increase from July-September 2021 to July-September 2022.
According to a popular crypto magazine, the pro-crypto Argentine presidential candidate is gaining fame among voters. As the elections draw closer, Javier Milei, a libertarian economist and pro-Bitcoin presidential candidate is taking the lead in the latest polls.
Crypto by TradingView
Company
  • About Us
  • Careers
  • Terms & Conditions
  • Privacy Policy
Products
  • Crypto Signals
  • Todayq News
  • Koinpr
  • Todayq Education
Support

Advertise

Email: news@todayq.com

Connect With Us
  • Twitter
  • Facebook
  • Instagram
  • LinkedIn
All rights reserved by Todayq Technologies Private Limited

Type above and press Enter to search. Press Esc to cancel.