Libra hearings may give bitcoin 'much-needed political momentum': CoinShares strategy chief (via CNBCFastMoney)
Libra project in the interest of finding a way to regulate the digital payment system and ascertain how it is different from cryptocurrencies like bitcoin., who is spearheading the Libra project, as well as experts on payment systems and cryptocurrencies.
This focus on Libra and the cryptocurrency market will start some long-awaited conversations on Capitol Hill about regulation that should benefit the entire crypto space, Demirors said. During the House hearing, Demirors stressed the differences between Libra and bitcoin, emphasizing the fact that, unlike bitcoin, Libra will live on a closed network, be backed by physical assets and require permissions for people to hold the currency.
"On both sides of the aisle, it was very clear that no one saw cryptocurrencies as being Libra," she said on "Fast Money."
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