A Road Map For A Cryptocurrency Crackdown: Part 1

Law360 (August 1, 2019, 3:15 PM EDT) -- In a thunderous tweet storm on July 11 at 8:15 p.m., President Donald Trump officially lambasted Bitcoin and all other cryptocurrencies, stating:

I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.... — Donald J. Trump (@realDonaldTrump) July 12, 2019 ....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...

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