Reuters/Dado Ruvic Members of the US Congress are pushing towards regulation of cryptocurrencies. Both Democrats and Republicans, even the strongest free-market supporters, are endorsing the idea. The move is coming as cryptocurrencies, particularly Bitcoin, have spiked in value. Jolted by the global investment craze over bitcoin and other cryptocurrencies, U.S. lawmakers are moving to consider new rules that could impose stricter federal oversight on the emerging asset class, several top lawmakers told Reuters. Bipartisan momentum is growing in the Senate and House of Representatives for action to address the risks posed by virtual currencies to investors and the financial system, they said.See the rest of the story at Business InsiderNOW WATCH: The science of why human breasts are so bigSee Also:Walmart is reportedly in talks to buy over 40% of one of India's largest e-commerce platforms10 up-and-coming healthy fast food chains that should scare McDonald'sThe top 20 presidents in US history, according to historians
Even Free-market Republicans Who Hate Government Oversight Want Bitcoin To Be Regulated
feedback@businessinsider.com (David Morgan), Business Insider
Tue, 02/20/2018 - 2:34am
BING NEWS:
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Federal Reserve Chair Jerome Powell said on Wednesday the U.S. central bank has no desire to be involved in any government effort to stockpile large amounts of bitcoin.
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