Ryan Selkis: The US government sees Libra as a “bona fide threat”

According to the founder and CEO of Messari, Ryan Selkis, Facebook’s Libra is a “bonafide threat” to the US dollar because it’s going to be pegged to the value of several international currencies. As such, the US government sees structuring it this way as an effort to decouple the Federal Reserve’s influence over the dollar.

During an interview with Bloomberg, Selkis stated, “It seems like Libra should continue to draw most of the attention in ire” because its “on the wrong side of the political cycle” but also because Facebook has just announced a $5 billion settlement with the Federal Trade Commission over privacy violations – only adding to the government’s uneasiness about Facebook’s debut into the financial sector.

Selkis’ comments come just a day…

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