“The world that Satoshi Nakamoto, author of the Bitcoin whitepaper envisioned, and others are building, is an unstoppable force.” US Congressman Patrick McHenry
Hot off the German press…
The President of the German Central Bank is coming out in favor of #Libra. pic.twitter.com/DQidVc8uUT
— Mati (@MatiGreenspan) July 19, 2019
“BitMEX insiders revealed to me that this exchange is also used daily for money laundering on a massive scale by terrorists and other criminals from Russia, Iran, and elsewhere; the exchange does nothing to stop this, as it profits from these transactions.” Economist and professional crypto hater Nouriel Roubini
https://twitter.com/thomasschuiz/status/1151881749397266432?s=11
“To put it in perspective, we’ve been talking about blockchain for seven years and very little has happened. We’re going to be talking about Libra three years from now. I wouldn’t spend too much time on it.” J.P. Morgan Chase CEO Jamie Dimon
OMG @RepKatiePorter is shocked SHOCKED that fractional reserve banking occurs & absolutely positively never ever with 100% certainty wants @facebook @Libra_ to engage in fractional reserve banking…AND WANTS THE FDIC TO ENFORCE THAT!! 🤪🤣😂😩 Ignorance in Congress is staggering
— Caitlin Long 🔑⚡️🟠 (@CaitlinLong_) July 17, 2019
The fear of being left in the past, should be greater than the fear of the change/unknown
History is the story of change, if you don’t embrace it, you’ll be left in it. #stayahead #bitcoin #fintech #deVere— Nigel Green (@nigeljgreen) July 21, 2019
“Stablecoins and other various new products currently being developed, including projects with global and potentially systemic footprint such as Libra, raise serious regulatory and systemic concerns.” French finance minister Bruno Le Maire
Scrip was used by Appalachian coal corporations to control workers by controlling their money – it was called “coal cash.” It was used by sugar plantation bosses in PR, too.
Facebook establishing its own currency & teaming up with EBay, Uber & co to do so has alarming precedent. https://t.co/40OEJBqnST
— Alexandria Ocasio-Cortez (@AOC) July 17, 2019
“I like Bitcoin. Is it where it needs to be? No, but the real thing I like when it comes to Bitcoin is blockchain, because I like the security. I want government to actually start using blockchain.” United States house minority leader Kevin McCarthy
‘Facebook is already too big. Facebook is already too powerful.’ — @SenSherrodBrown is calling out Facebook’s planned cryptocurrency as an alarming and dangerous power grab pic.twitter.com/PD1HcQVkJu
— NowThis Impact (@nowthisimpact) July 16, 2019
“Cryptocurrencies such as Bitcoin have been exploited to support billions of dollars of illicit activity, like cybercrime, tax evasion, extortion, randomware, illicit drugs, human trafficking. This is indeed a national security issue.” United States Treasury Secretary Steven Mnuchin
Finished watching the entirety of the Senate Banking Committee hearings today.
@Libra_ is so screwed.
— Samson Mow (@Excellion) July 17, 2019
“I’m for the least amount of regulation. I don’t know what’s going to happen to cryptocurrencies. I think it’s a great idea. And I only have one rule: no fraud. I think that the government has a role. And [if] somebody has a case that there is fraud, I think it should be investigated . What I want to do is legalise the freedom of choice, absent blatant fraud.” Former Republican congressman and presidential candidate Ron Paul
1/ Could Trump ban Bitcoin?
Thread 👇 pic.twitter.com/KeDI35GU7C
— Alex Krüger (@krugermacro) July 15, 2019
With his new “Zuck Buck” #cryptocurrency, Zuckerberg is trying to defeat our anti-money laundering laws. @facebook CEO Mark Zuckerberg is sending a Friend Request to Oligarchs, Drug Dealers, Human Traffickers, and Terrorists. pic.twitter.com/wU4CuYmO1p
— Congressman Brad Sherman (@BradSherman) July 17, 2019
“If properly regulated, Libra could be a very positive thing. We’re not going to turn our back to it or try to stop it. We’re going to engage with it and try to work with others to ensure that it is effectively regulated.” Philip Hammond, Britain’s outgoing finance minister
People behaving badly! India's government banned Bitcoin, a currency providing great hope for prosperity in a country that desperately needs it. Shame on India leadership. Pathetic and corrupt. #India #bitcoin
— Tim Draper (@TimDraper) July 17, 2019
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.