Trump Tweets Opposition To Crypto, Fed Chairman Said Bitcoin Is a Speculative Asset Like Gold, & Other News

  • What's going on with the crypto markets today? Read our price analysis.
     
  • United States President Donald Trump delivered his lackluster appraisal of crypto, saying, "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."
     
  • Jerome Powell, the chairman of the United States Federal Reserve, acknowledged the possibility of a preeminent cryptocurrency redrawing the current financial landscape, but noted, however, that this has stopped short of becoming a reality.
     
  • The Blockchain Promotion Act was approved on Tuesday by the United States Senate Committee on Commerce, Science and Transportation.
     
  • Facebook's Libra stablecoin is a big mistake, according to Dallas Mavericks basketball team owner and billionaire investor, Mark Cuban.
     
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