Trump: I’m ‘not a fan’ of cryptocurrencies, and Facebook may need a banking charter for Libra

Trump: I’m ‘not a fan’ of cryptocurrencies, and Facebook may need a banking charter for Libra

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. In a series of Twitter posts, Trump said cryptocurrencies are not money and “Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.”