It seems like Facebook's Libra cryptocurrency has ruffled a few feathers. Several Congresspeople immediately took up arms and pushed for a moratorium on the Libra project while they presumably work on hastily passing regulations on cryptocurrency. Now Trump is joining the party.
Sadly for US users and traders, this is a sign that unfavorable legislation is coming down the pipeline.
This is a pretty interesting observation. Since it's obviously no coincidence.
We could also take the fact that Facebook had some scandal issues lately and it made them look at the company a lot more carefully and i imagine that they will be constantly monitoring that they are doing what they said if everything works according to the law.
That definitely made them look towards here. But associating Cryptocurrencies with big issues like privacy violations is not doing any good at all. Some say that there's no such thing as bad advertising, we're going to see that.