You Can’t Ban Math: Crypto Unites to Call Out Congressman

You Can’t Ban Math: Crypto Unites to Call Out Congressman

  • By Admin
  • January 11, 2020

In the span of a couple of hours, it became Crypto Twitter vs U.S. Representative Brad Sherman.

On Wednesday, Congress hosted a pair of back-to-back hearings on the subject of cryptocurrencies (read CoinDesk’s coverage here and here), which notably saw Rep. Sherman – no stranger to controversy among crypto circles – call again for a blanket ban on “buying or mining cryptocurrencies.”

And while Sherman is simply one lawmaker among quite 400, social media observers quickly turned their sights on the California Democrat. for instance , Sherman was accused of bias because his largest donor this past election cycle may be a mastercard payments firm based in l. a. (where his district, California’s 30th Congressional, is based).

Sherman’s declaration – and indeed, the broader social conversation round the twin hearings – led to a lift for the #CryptoCongress hashtag. consistent with data from Twitter analytics site Keyhole, the hashtag had a reach of over 1 million accounts and quite 2.7 million impressions from the beginning of the hearings yesterday to today.

As for Sherman himself, whether the member of Congress has any remarks on the hubbub remains to be seen – as of press time, Sherman’s office hadn’t skilled an invitation for comment.

From the instant that Sherman issued his remarks, the response was, to place it bluntly, unsparing:

And as could be expected, the oft-used criticism that the U.S. government is endlessly printing dollars came to the fore (likely in light of Sherman’s partial specialise in mining, a process by which units of cryptocurrency are created). 

Some of the harshest words came within the sort of accusations of a conflict of interest, given the Allied Wallet connection.

A few of them even probed deeper into this matter, highlighting how Allied, back in 2010, forfeited $13.3 million to the U.S. government as a part of a settlement over payments linked to illegal online gambling. 

But could the uproar cause actual political repercussions for the California Democrat? within the wake of the hearing, the hashtag #UnseatSherman2018 began to seem , and a number of other observers claiming to be from the California said that they wouldn’t vote for him within the next election.

What’s resoundingly clear is that the crypto social sphere – often a scene of acrimony and sniping over a spread of subjects – largely came together in light of Sherman’s remarks.

As the saying goes, “having an enemy may be a good way to unite a community.”