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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.
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.
STORY CONTINUES BELOW
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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
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
Find more episodes of The Breakdown on CoinDesk
Nathaniel Whittemore
NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.
