Wall Street struggles to sell Washington on Bitcoin for the masses

But lobbyists face an uphill battle that has gotten even tougher after dramatic price swings in recent days, with Bitcoin plunging nearly 40 percent since early May. The investor risks are building on broader concerns about whether cryptocurrency fuels money laundering, aids tax evaders and could threaten the safety of the financial markets themselves if broadly adopted.

“Our country needs to take a deeper dive on how to deal with cryptocurrency before any regulations are put in,” Sen….


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