Members of Congress start warming to cryptocurrency

Published June 7, 2021 10:45am ET



As cryptocurrency and blockchain mania takes hold in the finance world, as well as among retail investors buying and selling coins with the click of a button, interest and literacy in digital currencies are also taking hold among members of Congress.

Once viewed negatively in Congress and among regulators as dangerous, untested technology or a tool for buying and selling on the black market — the recent ransomware attack on Colonial Pipeline paid in Bitcoin also hurt the image — a growing number of lawmakers are warming up to Bitcoin and other blockchain currencies. In fact, some are slowly working toward passing laws and clarifying regulations in the cryptosphere while preserving the ability for innovation in the field.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.