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February 26, 2014 AT 10:57 AM
Since Senator Charles Schumer first called on law enforcement nearly three years ago to shut down the Silk Road and cited the black market's use of Bitcoin for anonymous transactions, the cryptocurrency community has been waiting for the other shoe to drop. Two years later, it has: Another lawmaker has demanded an outright ban on Bitcoin. In a letter to Treasury Secretary Jack Lew, Fed Chairwoman Janet Yellen and other financial regulators, West Virginia Senator Joe Manchin demanded that they “take appropriate action to limit the abilities of this highly unstable currency.”