Regulatory push back and crypto growth

Reports indicating that certain members of the Libra Association have pulled out of the Libra project suggest that this token is in peril, it might not see the light of the day.

Furthermore, when it was announced that a court in the United States had issued an injunction against Telegram, it became clear that the government has launched a coordinated push back against cryptos.

The plan is simple, bullying and threats of more bullying and where this is not working, delaying tactics are employed. The ultimate objective is to stop a further growth of the cryptocurrency space while preserving the dollar’s dominance.

The usually divided US government is working in a bipartisan manner on this issue.