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Key Words: Crypto critic: Trump says he’s not a ‘fan’ of bitcoin or Facebook’s libra

Bitcoin and other cryptocurrencies are having a tough time finding love in Washington.

President Donald Trump went after digital currencies in a pair of early-hour tweets, saying that unregulated assets can “facilitate unlawful behavior, including drug trade and other illegal activity…”

‘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.’

President Donald Trump, Twitter

Not stopping there, he then tweeted his displeasure over Facebook’s FB, -0.74% virtual currency project, Libra, saying it 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.

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