'With Bitcoin, there is no CEO. You can't send a letter or send somebody in for a hearing,' APompliano explained Trump's aversion to crypto.
Key Points
U.S. President Donald Trump on Thursday said he's "not a fan" of cryptocurrencies, and suggested that Facebook may need a banking charter if the company wants to launch Libra. Trump joins other government leaders and central bank chiefs including Federal Reserve Chair Jerome Powell, French Finance Minister Bruno Le Maire and Bank of England Governor Mark Carney to speak up against Libra.
The American president said the "dependable and reliable" U.S. dollar should be the "only one real currency in the USA." President Donald Trump talks to reporters before boarding Air Force One to return to Washington from Morristown Municipal Airport in Morristown, New Jersey, July 7, 2019.
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