Senator Turns to Reddit for Bitcoin Advice Before Hearing

Before SenJerry Moran (R-Kan.) addressed his colleagues about Bitcoin Tuesday, he did what any person in power who's a little confused about a complicated issue should do: he went to Reddit's r/Bitcoin to ask them what the fuss was about.

Those redditors, as redditors are wont to do, offered a mixed bag of responses. Some were flippant, some mistook him for Rep. Jim Moran (D-Va.), some kindly reminded him that Congress in general had a low approval rating. But many typed informed, thoughtful answers, stressing that state money transmission licenses make it harder for companies to trade the currency in the U.S. Some even tipped him a few cents in the currency (though the legality of doing so is unclear). Read more...