DADI Cryptocurrency Rebrands to EDGE » The Merkle Hash

26m
cryptonewmedia

McDonald’s and Nestlé Dive Into New Blockchain Pilot to Stop Fraud

1h
dailyhodl

Do ICO’s keep their promises? Analyzing the roadmaps of 2018’s ICOs

1h
bitcoinwarrior

Sally Ho’s Technical Analysis 18 July 2019

1h
cryptonewmedia

Sally Ho's Technical Analysis 18 July 2019

1h
cryptodaily

Central Banks and Cryptocurrencies: Natural Born Enemies, or Soon-to-Be Friends?

1h
cryptoglobe

Which One Should You Invest More? » The Merkle Hash

1h
cryptonewmedia

BTCPay Server Announces Crowdfunding Campaign for Tor Project

2h
beincrypto

Litecoin Leads The Way: As Bitcoin Plummets, Altcoins Rise Across the…

3h
cryptonewmedia

Trade smarter, only on Coinbase

3h
cryptonewmedia

Coinbase Announces Three Data-Based Trading Signals for Users

3h
cointelegraph

Rebel Nintendo Scorns Sony and Microsoft With Updated Switch

3h
cryptonewmedia

EOS Price Prediction: Will It Go Up To $10 At The End of 2019

3h
nulltx

Ocasio-Cortez Criticizes Corporate-Controlled Money in House’s Libra Hearing

3h
cointelegraph

Litecoin Leads The Way: As Bitcoin Plummets, Altcoins Rise Across the Board

3h
cryptonewmedia

Lotus is Building a Sensational Electric Hypercar » The Merkle Hash

3h
cryptonewmedia

Meltem Demirors Weighs in on ‘Shitcoin’ vs. Bitcoin – for Congress

3h
dailyhodl

Key Comments From Libra Hearing at US House of Representatives

3h
cointelegraph

FaceApp Thrusts User Privacy into Spotlight amid Russian Ties

4h
cryptonewmedia

Bitcoin Could Shed 20% & Drop to $7,400 Because Bulls Look Exhausted

4h
cryptonewmedia

Coinbase imposes minimum deposit restriction for British users

4h
bitcoinwarrior

Coinbase Releases New Data Tools for ‘First-Time’ Crypto Investors

4h
coindesk

Litecoin Leads The Way: As Bitcoin Plummets, Altcoins Rise Across the...

4h
newsbtc

Netflix Stock Implodes, Subscriber Exodus Ignites 12% Plunge

4h
cryptonewmedia

World Economic Forum Report Evaluates the Value of Blockchain

4h
cryptonewmedia


US President Donald Trump Says He’s ‘Not a Fan’ of…

Donald J. Trump tweeted Thursday that he is “not a fan” of cryptocurrencies, saying they were “not money” and referencing their price volatility relative to the dollar in his first public comments on crypto since becoming president of the United States.

Trump also criticized Facebook’s Libra cryptocurrency project in subsequent tweets, saying it “will have little standing or dependability” and suggesting U.S. regulators would subject the social media giant to regulation:

“If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National […] and International.”

Trump has criticized Facebook in the past for its actions in banning right-wing figureheads, alongside other social media outlets. To date, however, he has not discussed Facebook’s cryptocurrency plans. The company first publicly released its white paper and supporting documentation for Libra last month.

The 45th president held a “social media summit” earlier on Thursday, addressing these concerns.

Regulators and lawmakers across the U.S. have taken notice of Libra, with both the U.S. Senate Banking Committee and the House Financial Services Committee scheduling hearings next week with Facebook’s blockchain lead David Marcus.

The Senate committee in particular has previously expressed concerns about Facebook’s track record with user data and privacy, writing an open letter to the company in May. Marcus responded to the letter earlier this week, telling the lawmakers that Facebook would not itself collect any personal financial credentials.

On Wednesday, Federal Reserve Chairman Jerome Powell also said that Libra should not be allowed to move forward unless and until the company addresses anti-money laundering and know-your-customer concerns, among other issues.

Financial stability is also a factor that Powell addressed, with lawmakers in both houses questioning the fact that Facebook has set up an entity in Switzerland affiliated with the project.

In his tweets Thursday, Trump took aim at the potential for using cryptocurrencies in illegal activities, citing drug trafficking in particular.

“Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity,” he said.

In a final tweet, he added:

“We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!”

Donald Trump image via Shutterstock

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments