Congressman Tom Emmer Accuses US of Using Market Chaos to Kill Crypto
- Tom Emmer accuses the US of weaponizing market chaos to kill crypto.
- The FED plans to launch a new instant payment system to compete with crypto.
- A crypto lawyer said crypto suppression in the US could draw the country behind.
Many experts have been theorizing that the US government is deliberately hunting down the crypto industry following the closure of the pro-crypto financial institution Silvergate Bank.
On Thursday, US Congressman Tom Emmer said the Biden-led administration appears to be “weaponizing market chaos to kill crypto.” Consequently, he sent an investigative letter to the Federal Deposit Insurance Corporation (FDIC) Chairman seeking additional information.
In an interview with Fox Business News, Emmer quoted two sources who reported that any company buying Silvergate Bank would have to sign an undertaking prohibiting it from facilitating crypto transactions.
Furthermore,…
The post Congressman Tom Emmer Accuses US of Using Market Chaos to Kill Crypto appeared first on Coin Edition.
