Facebook’s Libra May Bring New Cryptocurrency Laws

Facebook’s Libra May Bring New Cryptocurrency Laws

Facebook, the company who has proven time and time again they can’t be trusted, announced plans to release a new cyrptocurrency called Libra. In addition to the obvious reluctance from the public, regulators have noticed and are responding. When a for profit company like Facebook wants to enter this space, there may need to be additional regulation.

The US Senate banking committee will meet in July to discuss new regulations surrounding cryptocurrencies. Reportedly, there may be new laws created which affect existing cryptocurrencies like bitcoin. For those of you who love cryptocurrencies, enjoy it while it lasts. It looks like the landscape is about to change.

About the Author

avatar KALE: A geek who works in the IT Security field and lives in Dallas, TX. He is also a music geek who has played in several local bands. Previous to his IT career, Kale worked as a photojournalist. He brings technical advice and artistic counterpoint to the podcast.