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12/8/2021, 4:25 PM (Source: TeleTrader)
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US lawmakers need more info on cryptos - GOP rep.

Lawmakers in the United States do not have enough knowledge to "have a debate" on cryptocurrencies, Patrick McHenry, US Representative for North Carolina's 10th congressional district, said on Wednesday.

Ahead of testimonies by major crypto companies' CEOs before the House Committee on Financial Services, the Republican explained that "demonizing" the crypto sphere is "the wrong way to go," due to the fact that not only cryptos, but also cash, can be used for wrong purposes.

"Instead, we should work to fully understand the opportunities [they] can provide to Americans," he underlined.

Baha Breaking the News (BBN) / BU