“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…

Read More