One month to the day after he sent a highly controversial letter to the Treasury, Federal Reserve and other related financial agencies calling for the outright ban of bitcoin, West Virginia Senator Joe Manchin appears to have dramatically softened his stance. Speaking with the Washington Post, Manchin said the boom in private investment and regulatory […]

Last week, Senator Joe Manchin (D-WV.) wrote a letter to the Treasury, Federal Reserve and other related financial agencies warning of the dangers of Bitcoin and proposing a ban on virtual currencies. Today, Representative Jared Polis (D-CO) published his own letter in response, warning of the dangers of physical bills of U.S. dollars. The tongue-in-cheek […]

“The Fed doesn’t have authority to supervise or regulate Bitcoin in any way,” Federal reserve chairwoman Janet Yellen said today. Speaking to the Senate Banking Committee, Yellen was asked about the virtual currency by Senator Joe Manchin (D-W.Va.), who called yesterday for a Federal ban on Bitcoin. While she noted at the Fed was “looking […]

Is Bitcoin “disruptive” enough to the U.S. economy to merit a federal-level ban? According to U.S. Senator Joe Manchin (D-W.Va.), it is. In a strongly worded letter to the Treasury, Federal Reserve and other related financial agencies, Manchin called for the outright prohibition of “this dangerous currency” before it can harm American consumers. Manchin’s letter […]