Jon Tester stated that there is “no reason why crypto should exist.”
According to Tester, regulating crypto will lead people to believe it is real.
Jon Tester, the senior senator from Montana, has held that position since 2007. In fact, he serves on the Senate Banking Committee and is a significant figure in US crypto regulations. On Dec 11, NBC’s news conference stated that there is “no reason why crypto should exist.” He also claimed that cryptocurrency has no real value and that the sector should not be regulated since that would give it legitimacy.
WATCH: Crypto has not “been able to pass the smell test” for Senator Jon Tester.@SenatorTester: “If we regulate it, it may give it the ability for people to think it’s real.” pic.twitter.com/CklztHv8vZ
— Meet the Press (@MeetThePress) December 11, 2022
He also mentioned that it does not pass the smell test for me and that he has not been able to locate someone who can explain to him what other synthetics mean an
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