Roger Ver gave me three big announcements as an exclusive to Modern Consensus. First, he is breaking news with us about his investment in the mobile crypto wallet and non-custodial exchange Evercoin. Second, he told me he just submitted Bitcoin.com’s application to join the Facebook-led Libra Association. And third, he shared details about the addition of Stefan Rust as Bitcoin.com’s CEO.
Facebook is in for a rough ride with its Libra cryptocurrency project. If that wasn’t clear from the president’s anti-cryptocurrency Tweets last week and Treasury Secretary’s comments on Monday that they are “a national security issue,” it was very obvious after the Facebook executive spearheading its Libra payment system was treated like a bipartisan punching bag in a hearing before the U.S. Senate Banking Committee on July 16.
Facebook is so powerful it can even make President Donald Trump agree with Rep. Maxine Waters, the liberal House Democrat from California’s 43rd district, near Los Angeles.
Facebook’s new Libra stablecoin got a break in Europe last week with the announcement that Christine Lagarde has been nominated to be the new head of the European Central Bank, says eToro’s senior market analyst, Mati Greenspan.