Donald Trump tweeted that He is not a fan of Bitcoin and other Cryptocurrencies, which are not money, & whose value is highly volatile and based on thin air
If Facebook and other companies want to become a bank, they must seek a new Banking Charter & become subject to all Banking Regulations
What's the reason behind this criticize?
Well" obviously came from his thoughts the reason is crypto is money from the air and they if the illegal crimes like drugs transactions and many more with unregulated high volatility currency, so as president I understand their stand decision to ignore crypto.
It's possible if bitcoin become regulated they have probability for crypto become legal tender in US, hopemarket expert Justin Sun explain well to the president the importance of bitcoin.