US Senator: There's "No Reason Why" Crypto Should Exist
Jon Tester is one of many Democratic senators to criticize crypto lately, arguing that the sector is not backed by anything and doesn't provide anything, so there's "no reason" why it should exist.
![US Senator: There is](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2022-12/fe96f705-8a54-46f4-80c3-a05a7beb014a.jpg)
![US Senator: There's "No Reason Why" Crypto Should Exist](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTIvZmU5NmY3MDUtOGE1NC00NmY0LTgwYzMtYTA1YTdiZWIwMTRhLmpwZw==.jpg?#)
Jon Tester is one of many Democratic senators to criticize crypto lately, arguing that the sector is not backed by anything and doesn't provide anything, so there's "no reason" why it should exist.
![US Senator: There is](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2022-12/fe96f705-8a54-46f4-80c3-a05a7beb014a.jpg)
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