Hester Peirce, Commissioner of the U.S. Securities and Exchange Commission (SEC), says that it will be a fool’s errand for the United States government to ban Bitcoin.
In an interview with MarketWatch, the SEC Commissioner, who is also fondly referred to as crypto mom for her pro-cryptocurrency stance, says she doesn’t see the US government making a move to prohibit the use and trading of the leading cryptocurrency.
I think we are past that point very early on because you would have to shut down the internet. As I have said in the past, I don’t see how you could ban it. You can certainly make the effort. The government could say, ‘It’s not allowed here.’ But people would still be able to do it. And it would be very hard to stop people from doing it. So I think that it would be a foolish thing for the government to try to do that.”
