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WV Senator Calls For Ban On All Unregulated Cryptocurrencies

Posted by timothy on from the and-you-can't-trade-with-your-neighbors-either dept.

An anonymous reader writes "Sen. Joe Manchin of West Virginia, a member of the Senate Banking Committee, has called for for heavily regulation of Bitcoin. Reached for comment, his staff confirmed Manchin is seeking a 'ban' that would apply to any cryptocurrency that's both anonymous and unregulated."

4 of 240 comments (clear)

  1. Ban the USD by bill_mcgonigle · · Score: 5, Insightful

    He should really work on banning the USD. It's used for commission of trillions of dollars worth of crimes every year and there's no real means of enforcement for [bona fide] money laundering operations.

    I wonder if his office knows that bitcoin isn't really anonymous?

    --
    My God, it's Full of Source!
    OUTSIDE_IP=$(dig +short my.ip @outsideip.net)
  2. Re:But ... FREEDOM! by NotDrWho · · Score: 5, Insightful

    A "D" means that the candidate openly opposes the free market.

    An "R" would indicates that the candidate openly opposes the free market, but pretends not to.

    --
    SJW's don't eliminate discrimination. They just expropriate it for themselves.
  3. Re:Phew! Thank goodness Bitcoin is not anonymous by houstonbofh · · Score: 5, Insightful

    It _is_ anonymous. Until somebody decides to trace back the transaction chain and actually finds weak/strong evidence of a connection to a person.

    This is like "A book is a secret until someone reads it." It is trivially easy to trace back an exchange. Unlike, for example, cash.

  4. Re:But ... FREEDOM! by Anonymous Coward · · Score: 5, Insightful

    The "free market" is an idiom that never existed in the "real world" however.