Peter Schiff: Bitcoin Has No Value, So Regulations Are Unnecessary

Following the U.S. Senate's rejection of the Clarity Act cloture vote (determining whether to proceed with full committee review), Peter Schiff, CEO of Euro Pacific Capital and a prominent Bitcoin critic, stated that 'Bitcoin has no value, so no legislative act by Congress is necessary.' Bitcoin was trading at $75,744.70, down 1.64%, according to CoinMarketCap.