Pressure on Libra From U.S. Intensifies as Congressman Suggests Bitcoin Instead

The majority of US politicians are anti-crypto and Bitcoin. Either through fear, or lack of knowledge, they view digital currencies as a threat to their own system which is highly controlled and often manipulated. One congressman however thinks Facebook should dump Libra in favor of Bitcoin.

Libra is Still a “Shitcoin?”

Ohio state congressman Warren Davidson achieved crypto infamy earlier this year when he labeled Libra a ‘shitcoin’. At the time he emphasized that there is no central authority that can filter Bitcoin transactions or dilute its value, unlike Libra. He added;

“All these features are different from many of the things people call colloquially ‘shitcoin’, because the value can be distorted by a central authority, so people do really have their assets at risk.”

Davidson is back in the news this week following a Podcast interview where he questioned why governments want to know everything about money movements. According to Forbes the conversation then moved on to…