US Congressman Introduced A Cryptocurrency Bill

US Congressman Brad Sherman introduced a cryptocurrency bill. The bill includes use of cryptocurrencies in Russia.

While the war between Russia and Ukraine continues, it is possible to say that US congressman Brad Sherman was the last person to take a step towards the use of crypto assets in the face of sanctions. This time in the US House of Representatives, US Congressman Brad Sherman presented a bill on sanctions on Russia and crypto. According to the statements of US congressman Brad Sherman, who is known for his anti-crypto stance, the bill was prepared to “implement sanctions on the use of cryptocurrency for facilitating the transactions of Russian persons subject to sanctions and for other purposes”. Another US congresswoman, Elizabeth Warren, is working on a bill that includes cryptocurrency sanctions against Russian citizens and the Russian oligarch. However, it was not specified when Warren would submit this draft.