Congressman who called for a blanket ban on crypto will chair Subcommittee on Investor Protection.

The US Congressman Brad Sherman, who once proposed a blanket ban on cryptocurrencies, has been elected as chairman of the Subcommittee on Investor Protection Entrepreneurship and Capital Markets.

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The House Financial Services Committee announced that Democrat Congressman Brad Sherman had been elected by the Democratic Caucus, and further development is subject to approval Democratic Steering and Policy Committee. Sherman will replace Congresswoman Carolyn Maloney.

 

Chairwoman of the House Financial Services Committee is also anti-crypto.

Brad Sherman and Chairwoman of the House Financial Services Committee, Maxine Waters, both have negative views on cryptocurrencies. Recently, Waters said that her concern remains with allowing a company like Facebook to issue an alternative global currency. Brad Sherman had earlier said that US citizens should be prohibited from buying or mining cryptocurrency.

 

Bakkt CEO appointed as the next Georgia Senator

As reported earlier, Bakkt CEO Kelly Loeffler will begin her political career as next Georgia Senator after she was picked by the governor Brian Kemp. Loeffler will join the US Senate on 1st Januar 2020. But before she is sworn in, Loeffler will step down from the position of Bakkt CEO.

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Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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