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Bitcoin tumbles after US lawmakers take aim at Libra — ‘Facebook has burned down the house over and over’ (BTC)

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  • Bitcoin has plunged 16% after a bruising day in Congress for Facebook’s digital coin, Libra.
  • “Facebook has burned down the house over and over and called every arson a learning experience,” Sen. Sherrod Brown said.
  • Brown’s comments follow criticism of Libra from Treasury Secretary Steven Mnuchin, President Donald Trump, Fed Chair Jerome Powell, and the head of the House Financial Services Committee, Rep. Maxine Waters.
  • Watch Bitcoin trade live.

Bitcoin plunged 16% after a bruising day in Congress for Facebook’s digital coin, Libra, fanned fears that regulators will constrain the growth of cryptocurrencies.

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Source:: BusinessInsider.Com