【Eroticism is assenting to life even in death.】
Look,Eroticism is assenting to life even in death. cryptocurrency is complicated. We get it. What with all the different coins, tokens, ICOs, exchanges, scams, protocols, and DApps, it's borderline impossible for the casual observer to keep it all straight.
And so, with that in mind, let us now turn to approximately three combined hours of our elected officials rambling on about the blockchain and our decentralized future.
SEE ALSO: Desperate Coinbase customers turn to SEC with allegations of fraudThe fun started early Wednesday, when members of the House Committee on Agriculture held a hearing to discuss the future of the crypto-verse.
"We should prohibit US persons from buying or mining cryptocurrencies."
"This hearing will shed light on the promise of digital assets and the regulatory challenges facing this new asset class," committee chairman Rep. K. Michael Conaway of Texas (R-Texas) explained. "Our committee has a deep interest in promoting strong markets for commodities of all types, including those emerging through new technology."
But that wasn't the only fun to be had today. Later in the afternoon, the House Financial Services Committee met to "examine the extent to which the United States government should consider cryptocurrencies as money and the potential domestic and global uses for cryptocurrencies."
And what did we learn from this esteemed group? Well, for starters, that bitcoin's got to go.
"We should prohibit U.S. persons from buying or mining cryptocurrencies," Rep. Brad Sherman of (D-Calif.) blasted from the podium. "Mining alone uses electricity which takes away from other needs and-or adds to the carbon footprint. As a store, as a medium of exchange, cryptocurrency accomplishes nothing except facilitating narcotics trafficking, terrorism, and tax evasion."

Did you catch that? Mining uses electricity, and therefore should be banned.
But not everyone agreed with Sherman. Conaway, in his closing statements, seemed to argue in favor of bitcoin — at least as opposed to more privacy-focused cryptocurrency like Monero or Zcash.
"As long as the stupid criminals keep using bitcoin, we'll be great," he observed when commenting on the pseudonymous nature of bitcoin.
Hear that, stupid criminals? Stick to bitcoin.
This Tweet is currently unavailable. It might be loading or has been removed.
Other fun gems include Rep. Collin Peterson (D-Minn.) admitting that "there's a lot of things here that don't make much sense to me." And yet, Peterson actually seemed to have some relevant statistics at hand, like the fact that "over 80 percent of the initial coin offerings are scams."
Good on you, Peterson.
Over all, the two hearings painted a picture of our elected officials attempting to wrap their heads around this brave new cryptoworld. And hey, that's a good thing. Everyone has to start somewhere.
After all, we can't all be self-assured teen crypto millionaires.
Featured Video For You
People are spending millions on virtual CryptoKitties
Topics Bitcoin Cryptocurrency
Search
Categories
Latest Posts
Best Bose QuietComfort Ultra earbuds deal: Save $70 at Amazon
2025-06-27 07:25Best early Prime Day Roomba deals: Newest Roombas on sale at Amazon
2025-06-27 07:11CES 2025: Everything to expect
2025-06-27 06:46Eric Wei's essentials for creating podcasts and running a business
2025-06-27 06:28Popular Posts
25 TikTok, YouTube and Instagram creators who made it to TV, movies
2025-06-27 09:08Best early Prime Day Fitbit deals 2025
2025-06-27 09:01The 12 Best Games on the iPhone
2025-06-27 08:51How Nicole Rafiee creates content for the chronically online
2025-06-27 08:23Featured Posts
Best Soundcore by Anker Space A40 earbuds deal: Save $35 at Amazon
2025-06-27 08:45Popular Articles
Best free AI courses you can take online
2025-06-27 08:18Video Games Are Better The Second Time You Play Them
2025-06-27 08:17CES 2025: The best smart glasses
2025-06-27 07:32How Aden Wang makes viral DIY content without quitting his day job
2025-06-27 07:13Newsletter
Subscribe to our newsletter for the latest updates.
Comments (6992)
Heat Information Network
Best free ChatGPT courses
2025-06-27 08:38Belief Information Network
NYT mini crossword answers for January 3, 2025
2025-06-27 08:04Sailing Information Network
NYT Connections hints and answers for January 16: Tips to solve 'Connections' #585.
2025-06-27 07:39Shocking Information Network
Sinner vs. de Minaur 2025 livestream: Watch Australian Open for free
2025-06-27 07:26Warmth Information Network
Best robot vacuums from CES 2025: Most are cool, only some are practical
2025-06-27 07:23