US Congressman Claims Bitcoin Is An ‘Unstoppable Force’

Bitcoin (BTC) is seeing a lot of attention in the latest cryptocurrency news. As a new report shows, a US Congressman is among the latest people who believe in the most dominant cryptocurrency, claiming that it is an unstoppable force of its own kind.

During the testimony on July 17, the US Congressman Patrick McHenry (who represents North Carolina’s 10th District) told lawmakers that any attempts to stop or pause Bitcoin were futile.

“The world that Satoshi Nakamoto, author of the Bitcoin whitepaper envisioned, and others are building, is an unstoppable force,” the US Congressman noted. McHenry runs in contrast to other Congressmen and makes the headlines over Bitcoin along with Brad Sherman who is gaining the spotlight after making dubious claims about the cryptocurrency’s role in crime.

Many people failed to draw a distinction between Bitcoin and permissioned digital currencies – especially Libra – which is a hot topic in the coming altcoin news, too. However, for the US Congressman McHenry, Bitcoin will prevail with legislation or not. He implied that an adversary would have already done so at some point since its 2009 inception.

“We should not attempt to deter this innovation; governments cannot stop this innovation, and those that have tried have already failed,” the US Congressman continued.

As previously reported on many best cryptocurrency news sites, the Congressional hearings made Bitcoin suffer but are also coming to grips with the first incarnation of their regulation of Bitcoin as well as other decentralized cryptocurrencies.

What’s more popular is the country of India which this week confirmed that it was working on official guidelines after a major scandal involving what some accepted as a draft law banning cryptocurrency outright emerged in the news.
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This is all separate from the fact that the US Congressman Patrick McHenry is backing Bitcoin and fully believing in the cryptocurrency.

Currently, Bitcoin (BTC) is trading at $10,400 and fully living up to the US Congressman and his optimistic approach. The total crypto market cap is at $281 billion and the coming altcoin news show that despite the daily losses, altcoins including Ether (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH) and Binance Coin (BNB) have all managed to correct from their terrible decreases.