The anti-crypto letter to US Congress
“The lobbying efforts on behalf of various interests do seem to be growing, on one side you have those advocating a more open atmosphere and pushing for further understanding of these emerging technologies and on the other side, you have a mix of efforts that either promote or condemn a specific consensus mechanism, chain or crypto-related organization,” said Bryan Daugherty the Public Policy Director for BSV Blockchain.
“These focused efforts range from environmental and energy consumption impact of mining operations to consumer protection concerns due to the use of blockchain technology to create unregulated securities, Ponzi schemes, and other get rich quick rackets. These lobbyist efforts are commissioned by a variety of sources, including well-intentioned scientists, competing blockchains with alternative but less secure consensus models, consumer financial protection agencies, and environmentalists,” he added.
In their letter, the group makes several arguments against blockchain technologies and digital assets and urges congressional committees to “protect investors and the global financial marketplace from the severe risks posed by crypto-assets.”
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