Trump tweets about Bitcoin and warns Facebook about it's upcoming cryptocurrency plans
Barbara Renata Lorincz12 July 2019
Trump's entry into the debate around Bitcoin and Libra could be a significant step for crypto fans. The White House has so far been silent with the subject, even when federal regulators such as the Securities and Exchange Commission (SEC), the Commodity Futures Trading Committee (CFTC) and some departments of the US Treasury wrestled with the issue of how virtual currencies should be regulated.
....Similarly, Facebook Libra’s “virtual currency” will have little standing or dependability. 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...— Donald J. Trump (@realDonaldTrump) July 12, 2019
Facebook did not want to comment on what happened on Thursday evening as soon as a reaction arrives from them, we update our article.
...and International. 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 J. Trump (@realDonaldTrump) July 12, 2019