Facebook’s Libra Coin Faces Extraordinary Regulatory and Market Hurdles.
In this video we discuss recent public challenges to Facebook’s Libra cryptocurrency by President Trump, Secretary of the Treasury Mnuchin and the Congress.
Watch “Facebook’s Libra vs Bitcoin, the President, the Treasury, the Congress, the Banks and the Market “
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Jamie Dimon says JP Morgan's new cryptocurrency could one day be used by the consumer https://t.co/NRCG68KNGL #FRAUD
— Smaulgld (@Smaulgld) February 27, 2019
Coinbase, Gemini, Circle also have already issued Stable Coins based on US dollar deposits. JPMorgan plans to do the same.
— Smaulgld (@Smaulgld) June 14, 2019
Trump's "distaste" for bitcoin was based on its volatile nature. His real complaint was about "unregulated" bitcoin. The US already has "regulated bitcoin" with NY Bitlicenses, CFTC approved bitcoin trading and SEC approved token issuances
— Smaulgld (@Smaulgld) July 15, 2019
The main reason not to ban crypto and to pursue the current US regulatory scheme is there is plenty of Silicon Valley/ Wall Street money to be made from issuing ICOs, trading, lending, storing and creating financial products (ETFs) from Crypto assets
— Smaulgld (@Smaulgld) July 15, 2019
Keep Big Tech out of Finance Act: Discussion Draft
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