BREAKDOWN: 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.

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News broke yesterday that the Libra Association had seen it’s eighth high-profile defection, this time from the telecom giant Vodafone. In today’s episode of The Breakdown, @nlw argues that Association members are far less of a factor in Libra’s success than key regulatory questions around domiciling, the value peg and the US’s fear of a Chinese digital currency.

Also in this episode, Square Crypto announces 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

Vodafone Is the Latest Big Company to Quit Facebook-Founded Libra Association

Square Crypto Is Creating a 'Lightning Development Kit' for Bitcoin Wallets

Jack Dorsey's Square Wins Patent for Fiat-to-Crypto Payments Network

Blockchain Association Sides With Telegram Against SEC, Says Grams Are Not Securities

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