Sen. Joe Manchin of West Virginia recently called on American financial regulators to ban Bitcoins because of their use in a variety of crimes. In response, Congressman Jared Polis of Colorado wrote:
The exchange of dollar bills, including high denomination bills, is currently unregulated and has allowed users to participate in illicit activity, while also being highly subject to forgery, theft, and loss. For the reasons outlined below, I urge regulators to take immediate and appropriate action to limit the use of dollar bills.
Responding to senator’s bid to ban Bitcoin, congressman calls for cash ban | Ars Technica.