.BradSherman continues to voice concerns over crypto's potential for illegal activities
According to Sherman, the very term"cryptocurrency" implies hidden money, which becomes inferior to even the Uruguayan peso once its hidden aspect is removed.against digital currencies. In a recent CNBC interview, the Congressman was asked whether the ongoing regulatory actions signaled the end of cryptocurrencies in America.
"I hope so, don't think so," was his succinct response.an appeal to the Ripple rulingThe SEC argues that the verdict creates an artificial distinction between the expectations of sophisticated institutional and retail investors, thus undermining the traditional test for determining when assets are securities, known as the Howey Test.
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