Why High-Profile Defections Aren’t Libra’s Biggest Challenge
Libra has lost another Association member, but according to @nlw that’s likely low on their worries list, plus Square’s LN efforts & TON’s SEC support.
Jan 22, 2020 at 8:00 p.m. UTC
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindeskuat/FQJOQRL6TBGRBA7WIQ6JYLQCYE.jpg)
Libra has lost another Association member, but according to @nlw that’s likely low on its worries list, plus Square’s LN efforts & TON’s SEC support.
News broke yesterday the Libra Association had seen its eighth high-profile defection, this time from the telecom giant Vodafone. In today’s episode of The Breakdown, @nlw argues Association membership is far less of a factor in Libra’s success than key regulatory questions around domiciling, the value peg and the U.S.’s fear of a Chinese digital currency.
Also in this episode, Square Crypto announced its plans for a "Lightning Development Kit" while Square also announced a new patent that could make crypto easier to use. In regulatory battles, meanwhile, both the Blockchain Association and the Chamber of Digital Commerce have filed amicus briefs around the SEC-Telegram lawsuit.
Topics Discussed
STORY CONTINUES BELOW
Find more episodes of The Breakdown on CoinDesk
:format(webp)/downloads.coindesk.com/arc/failsafe/user/1x1.png)