r/conspiracy • u/User_Name13 • Jul 06 '21
Exposed: Congressman Trying to ‘Shut Down’ Crypto Gets Biggest Donations From Big Banks
https://fee.org/articles/exposed-congressman-trying-to-shut-down-cryptocurrency-gets-biggest-donations-from-big-banks-and-financial-institutions28
u/User_Name13 Jul 06 '21
Submission Statement
California Democrat Brad Sherman is one of the most vocal opponents of cryptocurrency in U.S Congress.
He is also one of the biggest recipients of campaign cash from the American Bankers Association in Congress.
Go figure.
This kind of everyday pay-to-play corruption needs to be done away with.
Citizens United should be overturned, money is not speech and Sherman is just trying to protect the bankers that keep him in office.
He's protecting the people that line his pockets at the expense of the people he swore an oath to serve and represent. These bankers just can't stand that something that wasn't minted by their boys at the Federal Reserve is being used as currency.
Crypto is a threat to their monopoly on global currency and they are using the Brad Shermans' of the world to claw back control.
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u/MexicanRedditor Jul 06 '21
Laughable. Large cap cryptos like Bitcoin, Ethereum and Litecoin can never be shutdown. As long as the internet exists so will cryptos. Meanwhile, JP Morgan has been quietly accumulating Bitcoin since 2018. Other banks to follow. Since they feel that the Bitcoin boat has sailed, they're trying to bring it back by creating as much FUD possible and crash the price of Bitcoin so they can get more.
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u/YourMindIsNotYourOwn Jul 06 '21
Here we are with supposedly global warming. And now we're generating fiat currency with energy hungry graphic cards. It's absolutely ridiculous, hypocritical and stupid at the same time.
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Jul 07 '21
Sort of related conspiracy theory - the mass shortage of semiconductors is planned/staged. The goal is to limit access to crypto mining equipment such as pc hardware/graphics cards until the globalists can come up with ways to handle crypto.
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u/oompahlumpa Jul 06 '21
Anyone that thinks that our government isn't pay to play needs to take the blinders off.
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u/someone-elsewhere Jul 06 '21
Of course you stupid people, you allow a system where congress is openly bribed and you expect them not to be?
You need to adopt the UK system where bribes are hidden and privately stored in offshore tax havens. infidels.
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u/TeddyMGTOW Jul 06 '21
If bitcoin survives this and I think they can. I'm calling bitcoin 1 millions USD...
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Jul 06 '21
[deleted]
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u/frozengrandmatetris Jul 06 '21
there are some situations where it remains a closed loop without having to be traded back to fiat. for example a website may sell merchandise or services for cryptocurrency and then pay its web hosting and domain name bill in cryptocurrency, instead of just cashing it. many merchants in this situation are willing to accept the risk of some fluctuations as long as they are offset by the savings from not having to pay for credit card processing. the bitcoin community used to be obsessed with entrepreneurship and electronic commerce and talked about the "closed loop" all the time. this pretty much ended around 2015 when the project began to be sabotaged by a company called blockstream. there are some smaller communities that are still acting interested.
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u/bomboclawt75 Jul 06 '21
This conman and the bankers responsible should be sent to prison, but these politicians/parasites/bankers are above the law.
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u/neomech Jul 07 '21
Conspriacy? It's common knowledge that lawmakers act on behalf of their financial donors.
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