Congressional hearing on cryptocurrencies devolves into bitcoin bash fest

A House Financial Services subcommittee met Wednesday in what was supposed to be an overview of the cryptocurrency landscape. The two-hour hearing raised more questions than answers, and shined a light on some Congress members' deep skepticism around digital currency.

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"Cryptocurrencies are a crock," Rep. Brad Sherman (D-Calif.) said to kick off his opening remarks. "They allow a few dozen men in my district to sit in their pajamas all day and tell their wives they're going to be millionaires."

   
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