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Senator Jon Tester: Crypto Has Not ‘Been Able to Pass the Smell Test’

‘If we regulate it, it may give it the ability for people to think it’s real’
By Grabien Staff

EXCERPT:

TESTER: "I mean, I have not — it's not been able to pass the smell test for me. I have not been able to find anybody who's been able to explain to me what's there other than synthetics, and — which means nothing, and — "

TODD: "Air? Yeah."

TESTER: "Yeah, exactly. And the problem is, if we regulate it, and I pointed this out to some of the regulators here a week or two ago, if we regulated it, it may give it the ability of people to think it's real. I think it’s — you know, truth be known, my personal thought, and I'm not a regulator and I'm not a financial person that does regulation, but I see no reason why this stuff should exist."

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