Color us shocked.
“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” Trump wrote. “Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.”
“Similarly,” the president said, “Facebook Libra’s ‘virtual currency’ will have little standing or dependability. If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National and International.”
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And, so there could be no confusion about which currency dominates the good ol’ U-S-of-A, Trump added: “We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!”
The president of the United States was then immediately roasted on Crypto Twitter.
(Yes, that sentence now exists in this reality.)
One brave Crypto Twitter soul, however, extended the president an olive brand. “Hey. I’m basically the only guy in the crypto industry who voted for you (or admits it),” Preston Byrne, a partner at Byrne & Storm, P.C., and crypto lawyer extraordinaire wrote on Twitter.
The president had not responded as of press time.