Coinspeaker
Crypto Should Be Banned and Not Regulated, Dem-Senator Jon Tester Says
In an interview with Meet the Press over the weekend, United States Democratic Senator Jon Tester said that the most prominent crypto has not passed the smell test and should therefore be banned instead of regulating the industry. According to Tester, regulating the cryptocurrency market will show people that the industry is real. Tester noted this, including the fact that the cryptocurrency market significantly contributed to the 2022 midterm elections in the United States.
Notably, the Biden administration, through a recent White House crypto directive, gave orders to respective agencies to regulate the blockchain and digital asset industry. As such, the room for banning all cryptocurrencies in the United States is slim. Furthermore, the country is among the top users and adopters of digital assets, with a significant share in global crypto ATMs and mining hash rate.
Consequently, Sen. Tester thinks th
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