“Keep Big Tech out of Finance” Act Surfaces, after Donald Trump Tweets on Bitcoin and Libra

A drafted bill entitled “Keep Big Tech out of Finance” dated July 21,  has surfaced online, allegedly deriving from within the United States House of Representatives Financial Services Committee.     The bill’s provenance is unconfirmed, but crypto news site, The Block, quotes an inside source as saying it is with the Financial Services Committee.   The document reads:  A large platform utility may not establish, maintain, or operate a digital asset that is intended to be widely used as medium of exchange, unit of account, store of value, or…

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TRUMP TWEETS – Hits out at Bitcoin, Cryptocurrency and Facebooks Libra – Industry Reacts

Donald Trump has hit out at bitcoin, cryptocurrencies in general, and of course, Facebook’s Libra, tweeting he is not a fan.     Following the tweets, Danish business tycoon Lars Seier Christensen of Concordium, and Dave Hodgson, Director and Co-founder of NEM Ventures, have provided their thoughts on Trump’s latest tweetstorm.        Firstly, let us hear from Lars Seier Christensen, Chairman of Concordium, the world’s first I.d. K.Y.C. ready business blockchain network.  He said:  I tend to agree with the President on the aspect of cryptocurrencies in isolation. They…

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Bitcoin moves into five-digit range on new institutional flows, massive adoption

Bitcoin has shown some highest levels of volatility in late June with best trading volumes year-to-date. The crypto currency market benchmark has reinstated its top role in the sector as “market dominance” climbed over 60% again and prices broke $10,000 in a blink.     The market as a whole has been demonstrating positive signs for quite some time already. After hitting its $3,200-sh lows in late December 2018, Bitcoin bounced back and kept growing ever since facing only mild and short-living corrections. Short-sellers didn’t put up with this scenario…

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