Zach Copley

Last month, a West Virginia senator nearly got laughed off the Internet when he called for the United States government to “ban” Bitcoin. In response, a Congressman jokingly called for the US to ban cash, citing similar reasons including links to crime.
On Wednesday, Sen. Joe Manchin (D-WV) told the Washington Post that lobbying by Bitcoin entrepreneurs and the recent tax guidelines issued by the Internal Revenue Service have made him temper his opinion a bit.
“Sure, it makes us look at it differently,” Manchin told the Post. “It sure will. When I said what I said, it was because it was totally unencumbered. The whole thing lent itself to a lot of improprieties—especially in the underworld, if you will, whether it be drugs or arms. Those were the things I was concerned about.”
Read 4 remaining paragraphs | Comments

Leave a Reply