John McAfee Compares US Congressman Who Wants To Ban Cryptocurrencies With Dracula

John McAfee Compares US Congressman Who Wants To Ban Cryptocurrencies With Dracula

You may have heard that this week the U. S. Congressman Brad Sherman called out the Congress in order to ban all cryptocurrencies from the United States. After that, our favorite crypto troll, John McAfee, called him out for that and affirmed that the Congressman was actually Dracula in a recent tweet.

On the post, McAfee affirms that he made an “If My Life Was a Movie” poster and dedicated it to the Congressman.

The Ban On Cryptos In The US

The whole controversy started soon after Brad Sherman urges his colleagues to outlaw cryptocurrencies in the United States. The reason? He thought that they could be used to undermine the strength that the United States has internationally.

According to him, much of the power comes from the dollar. If people have an international token that they can use instead of the dollar, the U. S. would end up losing some power and this would affect the country economically.

Because of this, to him, it was more important to curb the individual rights of the American people to hold crypto than to simply let them do as they wish and see the U.S. losing power.

Obviously, his argument will only convince the people who believe that the U.S. and its Federal Bank should continue to rule the world, something that most of the crypto community is not too fond of.

He also cited crimes made with cryptocurrencies and terrorists using Bitcoin. After that, he affirmed that the sanctions made to “rogue nations” will be irrelevant if they can simply use BTC to trade with American individuals. Also, he affirmed, crypto's could make tax collecting almost impossible. I bet the crypto community was very sad by this remark.

Is Sherman Speaking Out Of Principle Or Protecting The Interests Of His Donors?

The truth is that Sherman received a lot of money from financial institutions last year. 80% of his money was from the financial sector, which is often associated with people who fear Bitcoin because it can take their power away from them.

Companies like Royal Business Bank and UBS AG gave more than $10,000 USD to the congressman, so he may well be protecting the interest of his donors.

While some people may be concerned that he is right, he is surely not defending the individual rights of the American people, as he is taking away from them the chance to invest in BTC if they wish to.

Crypto Twitter And McAfee On The Offensive

McAfee was not really alone when he attacked the U.S. Congressman, obviously. Many on Crypto Twitter were furious that he believes that BTC should be forbidden in a country which seemed to value freedom so much until recently.

Anthony Pompliano, another important figure in the industry, as well as being the founder of Morgan Creek Digital, affirmed that the Congressman was in politics for 22 years, which was the double of Bitcoin’s existence. He asked whether we should outlaw politicians staying so long and with so much power instead of doing it to Bitcoin.

Mati Greenspan, the senior analyst at eToro, has also talked about how the United States is starting to lose out on the payment services revolution and that it would be an awful idea to ban something as revolutionary as Bitcoin now.

Some people, however, at least congratulated the Congressman on being forthright with his greatest fear: to see the U.S. lose its global dominance. It is, after all, a rightful fear for a politician to have, although the opinion of the citizens may be more divided.

Others, however, affirmed that it was because of his remarks that we know that we need Bitcoin and called it a great advertisement for BTC. A more open global system that uses a decentralized token could benefit the whole world, not only the U.S. overlords.

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Gabriel Machado
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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