Congressman’s Call for Crypto Ban Sparks Social Uproar

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image credit: ICO Examiner

Crypto Twitter versus U.S. Representative Brad Sherman actually happened just two days before.

 

On Wednesday, the Congress held a back-to-back hearings on topics concerning cryptocurrencies, on which Rep. Sherman was notably seen calling for a blanket ban on buying or mining cryptocurrencies

 

Although Sherman is only one among 400 lawmakers, social media observers and enthusiasts, turned their attention on the California Democrat. For example, Sherman was being accused on being bias because his largest donor this past election cycle is a credit card payments firm which is based in Los Angeles.

 

Sherman’s declaration drew a massive #CryptoCongress hashtag on Twitter that reached over 1 million accounts and more than 2.7 million impressions from the start of the hearing until yesterday. As of press time, Sherman’s office hasn’t responded to any request for comment/s.

Since Sherman issued his remarks, the massive response was, to put it bluntly, unsparing:

 

 

And as expected, criticisms like the U.S. government is endlessly printing dollars has surface, perhaps in light with Sherman’s initial focus on mining, a process where units of cryptocurrency are being created.

A number of netizens dug deeper into the topic and even highlighted how Allied, forfeited $13.3 million to the U.S. government back in 2010. It is part of a settlement payments which is linked to illegal online gambling.

But, could the massive uproar be an actual political repercussion in politics for the Canadian Democrat?

In the hearing’s wake, the hashtag #UnseatSherman2018 also began to appear in Twitter and a lot of observers claiming that they are from the Golden State said that they wouldn’t cast their votes for him in the next election.

Undoubtedly, the crypto social sphere came together in light with Sherman’s remarks.

As the saying goes, “having an enemy is a great way in uniting the community

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