Today, July 12, the president of the United States of America, Donald Trump, spoke for the first time openly about the cryptocurrency industry. The president criticized Bitcoin, as well as a cryptocurrency payment network from Facebook, Libra.
Donald Trump about cryptocurrencies
Trump shared his impressions of crypto-assets on Twitter. The American president said that he is not a fan of Bitcoin cryptocurrency. In addition, he also clarified that he does not consider cryptocurrency real money.
“I am not a fan of Bitcoin and other cryptocurrencies that are not money and whose value is very variable and based on air. Unregulated crypto-assets can contribute to illegal behavior, including drug trafficking and other illegal activities ... ”, – Donald Trump.
Trump also mentioned the sensational crypto-project from Facebook, the Libra payment network. According to the information, the president considers, that “if Facebook and other companies want to become a bank, they should look for a new banking charter and obey all banking rules, like other banks”.
By the way, Justin Sun, CEO of the TRON cryptocurrency company, responded to Trump’s message by inviting Trump to dinner with Warren Buffett.
“Mr. President, you are misled by fake news. Bitcoin & BlockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details happens to be the best chance for US! I'd love to invite you to have lunch with crypto leaders along with Warren Buffett on July 25. I guarantee you after this lunch, nobody will know crypto more than you!”, – Justin Sun.
Interesting in the section: Financial geography: countries where cryptocurrency is banned
According to Donald Trump, cryptocurrency contributes to crime. Recall that we have already written about several requests to impose a moratorium on the Libra project from the US Congress According to the five congressmen, the cryptocurrency can disrupt the monetary policy of the United States and undermine the economy. The Nobel laureate joined the Congress, who also criticized the cryptocurrency.
Editor: Jerg Wos