RATE Group | Bitcoin an ‘Unstoppable Force,’ US Congressman Tells Crypto Hearing
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Bitcoin an ‘Unstoppable Force,’ US Congressman Tells Crypto Hearing

19 Jul Bitcoin an ‘Unstoppable Force,’ US Congressman Tells Crypto Hearing

Posted at 15:09h in Bitcoin News by

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Bitcoin’s (BTC) plight in Congress has seen attention focus mainly on naysayers, but this week’s hearing also saw United States politicians accept it was always beyond their control.

‘Governments cannot stop this innovation’

During testimony on July 17, U.S. Congressman Patrick McHenry, who represents North Carolina’s 10th District, told lawmakers directly that attempts to stop Bitcoin were futile.

“The world that Satoshi Nakamoto, author of the Bitcoin whitepaper envisioned, and others are building, is an unstoppable force,” he said.

McHenry runs in sharp contrast to other Congressmen making the headlines over Bitcoin, with Brad Sherman again gaining the spotlight after making dubious claims about cryptocurrency’s role in crime.

Others broadly failed to draw a distinction between Bitcoin and permissioned digital currencies, specifically Facebook’s Libra project, which formed the initial basis for the hearings.

For McHenry, however, legislation or not, Bitcoin will…

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