Congressional Report Warns of Potential Bitcoin Threat to U.S. Dollar

(CoinDesk) A congressional report quietly released last month suggests that Bitcoin could be a threat to U.S. monetary policy, and makes the case for continued central banking control.

The report, “Bitcoin: Questions, Answers, and Analysis of Legal Issues,” was published by the Congressional Research Service, which produces research reports for U.S. policy makers.

It argues for the benefits of a single, incumbent currency (the U.S. dollar), for stability.