Quote from: SuperTA on July 15, 2019, 10:58:06 PM

Steven Mnunchin (United States Secretary of the Treasury) surprised everyone with a press conference about the cryptocurrencies, Bitcoin and Libra. This is very interesting. In my opinion this is one of the first steps for a global adoption. I'm serious. Even if it doesn't look like at the first impression. Mr. Mnunchin warned to be careful about cryptocurrencies and to do your own research. He also said that there's a lot of good things to invest (crypto). But that's what any professional trader would advise to other traders and investors. At the time of press, bitcoin started to rise in price! I think that we might be at the begining of something big. I personally think the world is gonna slowly adopt cryptocurrencies and this is just a start of a global recognition. They took crypto very seriously. It looks like it might be regulated and adopted in the future.

1. He said that their first main concern is that they don't want any bad users to use cryptocurrencies. (This sounds like they want crypto to be legit and regulated, maybe even adopted.)

2. He said that they will make sure that the general public and investors understand what are they investing in.

After reading his press conference its clear that Trump and his administration are keen to destroy Libra, the only way to do it is to regulate bitcoin and other cryptos. In my personal opinion I feel Trump is planning on making laws to regulate bitcoins which may not be a bad idea, and with reference being made to Sec I wonder is it a sign theyll approve Bitcoin ETF?. The prices have indeed risen from last night $10250 to $10800, it seems like crypto market has reacted positively to this news.

Press Conference Link: https://www.coindesk.com/us-treasury-secretary-mnuchin-is-not-comfortable-with-facebooks-libra