It is difficult to ban Bitcoin, Crypto Mom claims

Securities and Exchange Commission (SEC) commissioner Hester Peirce, known fondly in the crypto community as “crypto mom”, speaking at a talk show claims that Bitcoin cannot be banned.

Citing the difficulty in banning something as innovative and decentralized as peer-to-peer (P2P) as a reason, the commissioners who's also a crypto enthusiast says she's hopeful that the new SEC Chairman who understands cryptocurrencies and blockchain technology will make the commission take a new look at Bitcoin exchange-traded funds (ETF) and some of the reasons why it has been rejected in the past.

With the President Biden administration working on new regulatory policies for digital assets, most experts claim that there may be a ban on these digital assets in the weeks or months to come. Hester Peirce speaking with Charles Gasparino of Fox Business has debunked this claim, asserting that it is almost impossible to ban the trading of these digital assets.

A crypto enthusiast herself, Peirce for a long time has been a major advocate of Bitcoin ETFs, doing all in her power to ensure that the SEC approves it.

With the US government already imposing higher capital gains tax on Bitcoin and altcoin holders, financial analysts speculate this could be the cause of the major fall in the price of these virtual currencies.

Continue reading on BTC Peers


Start mining bitcoin now

Start trading bitcoin now

Category: News | Views: 74 | Added by: danyagames2007 | Tags: #Bitcoin #Bitcoin markets #BTC | Rating: 0.0/0
Total comments: 0
Name *:
Email *:
Code *:
Bitcoin (BTC) Inflows into Crypto Exchanges Hit a 1 Year High (0)
Bitcoin stabilizes after sell-off, faces resistance near 53k (0)
Bitcoin Weekly Forecast: BTC clings to support, on-chain metrics show sellers' onslaught (0)
Bitcoin falls as Binance said to face investigations from US Justice Dept and IRS (0)
SEC to Weigh Whether Bitcoin Futures Market could Accommodate ETFs (0)
MoneyGram to Enable Users to Buy Bitcoin and Withdraw it From Birck-and-Mortar Locations (0)
USD Index is Crashing; It Has Been Historically Bullish for Bitcoin (0)
SEC Warns of Bitcoin Futures Risks in Mutual Fund Investments (0)
If Bitcoin Doesn’t Rally Soon The Selloff Will Be Devastating (0)