Libra is back in the spotlight after the WSJ published reports that Visa, Mastercard and others are getting cold feet after the chilly reception from regulators around the world. David Marcus took to Twitter to defend the project, while simultaneously creating a narrative line to pickup should those companies abandon the Libra Association. A challenger to Nancy Pelosi is discussing how cryptos can be used to break the power monopolies of big tech, while a new advocacy organization is taking on what they call the CA bitlicense. Finally, volume on LocalBitcoins in Hong Kong is up more than any time since the 2017 boom amidst heightened protests. The question is: who's buying?
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The Breakdown