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Members of the U.S Government Share Conflicting Views About Bitcoin

Members of the United States government have made several conflicting statements about the benchmark cryptocurrency Bitcoin. While some house members have strongly defended Bitcoin, others have firmly spoken against the asset.

For objectively valid reasons, observers in the crypto-community have hinted that the contradicting comments are suggesting that there could be some friction with the asset’s growth in the near future. 

Although the arrival of a democratic government hinted that a potentially bullish environment would be created for Bitcoin, there have been mixed reactions from different members of the house. Essentially these views could affect future policies for digital assets and so far, it is unclear whether more favorable policies will be stifled by the naysayers.

Sen. Elizabeth Warren: Bitcoin is speculative

The recent comments by Senator Elizabeth Warren created room for assumptions that Bitcoin may not be as welcomed by even the most progressive House member as expected. The senator who is considered to be one of the most progressive recently stirred emotions in the crypto-space when she echoed the same sentiments as Janet Yellen, the United States’ secretary of Treasury.

When quizzed on CNBC’s Squawk Box about her thoughts on Janet Yellen’s comments about Bitcoin being speculative and unreliable with a structure that could potentially crash and leave investors at a loss, she responded by saying the Treasury secretary’s comment’s left no room for ambiguity, implying that Bitcoin could indeed lose its value in the near time.

Even though Bitcoin is not supervised …
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