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Cryptocurrencies are a great idea

17 Jul Cryptocurrencies are a great idea

Posted at 06:10h in Cryptocurrency News by

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  • Former congressman Ron Paul supports competing currencies like Bitcoin.
  • Paul has been a long-time critic of the Federal Reserve.

Ron Paul, a former Republican congressman and presidential candidate, said that he is a big fan of cryptocurrencies and blockchain technology because he likes competing currencies. Speaking a “Squawk Alley” interview on CNBC, the former Congressman said:

“… I’m for the least amount of regulation. I don’t know what’s gonna happen to cryptocurrencies. I think it’s a great idea. And I only have one rule: no fraud … I think that the government has a role. And [if] somebody has a case that there is fraud, I think it should be investigated … What I want to do is legalize the freedom of choice, absent blatant fraud.”

Paul has been a long-time critic of the Federal Reserve and a supporter of gold and precious metals. Over the last two years, he came around to the idea of cryptocurrencies and Bitcoin. Paul mentioned…

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