Fomo in Washington DC: Mnuchin, Trump and Tomorrow's Libra Hearing
THE BAREFOOT VC \ July 2019
The last time I wrote was on the eve of Facebook’s cryptocurrency Libra announcement. At this time tomorrow, the US congress will have held its first hearing on the matter. It’s been quite an active few weeks – Bitcoin reached highs over $13K at one point before retreating back to the $10K mark (still nearly 3x higher than its lows earlier this year). The SEC provided more guidance on crypto custody (echoing much of what was said in FinCEN’s guidance which I covered back in May) and qualified the first Reg A blockchain offerings.