How the crypto market will react now? President Trump's statement against bitcoin and cryptocurrency. Trump for the first time come out openly against cryptocurrency. The US is one of the countries having a large share of cryptocurrency market. What will be future implication following Trump coming down heavily on cryptocurrency?
Am sure this is all because the Libra wasn't registered in the US and the crypto is operating in a market with so much crypto influence.
If this isn't the reason might be that they are afraid it could challenge the dollar and destabilize it's value so this is all in an effort to save what has remained.
Maybe the US government has trust issues with facebook and are trying to make sure it doesn't repeat itself.