Ripple Takes Fright at Congressional Pushback on Digital Currencies
Wednesday, July 31, 2019
Democrats on the House Financial Services Committee in the US have demanded an immediate moratorium on the implementation of Facebook’s proposed cryptocurrency and digital wallet, citing the social media giant’s recent travails over privacy issues as a glaring threat to the functioning of the world economy.
This has been followed by a full-blown Twitter rant from Donald Trump, who lambasted Facebook and digital currencies such as bitcoin for having the temerity to undermine the standing of the US dollar.
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