US President Donald Trump has targeted all crypto coins from Twitter, including Bitcon and Facebook’s Libra. Trump stressed that the US is the only currency, which is the US dollar. He described cryptocurrencies as “volatile” and “unregulated” in a series of tweets published late Thursday.
US President Donald Trump attacked crypto coins this time from his Twitter account. He announced that he did not support the crypto coins in 3 consecutive tweets. “I’m not a fan of Bitcon and other crypto coins whose prices are playful. Unregulated crypto assets are being used in illegal activities, including drug trade,” Trump said in his first tweet.
‘If you want to be a bank, get license”
The target in Trump’s continued tweets was Libra, the crypto money that Facebook plans to launch in 2020. Similarly, Facebook’s ‘virtual money’ would not be the security of the Libra, Trump said, “If Facebook and other companies want to be a bank to apply for banking licenses and all other national and international banks should be subject to banking regulations,” he said. “We have one currency in the US, and it is stronger than ever. It is both reliable and open. By far, it is the most dominant currency in the world and will remain so. This currency is called the US Dollar.
Two tweets written by Donald Trump are like these:
“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,” he wrote.
Trump also touched on Facebook’s new Libra cryptocurrency, stating that the tech company will need a banking charter if it wants the digital currency to be recognized and dependable.
“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 and International.”
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