Huge BTC Endorsement | ‘I like bitcoin,’ says US House GOP leader McCarthy

‘I like bitcoin,’ says House GOP leader McCarthy while bashing Facebook’s Libra coin plans

House Minority Leader Kevin McCarthy says he likes the decentralized nature and the security of bitcoin.
At the same time, the California Republican criticizes Facebook’s plans for a new Libra digital currency ahead of hearings this week on Capitol Hill.
“I want to see decentralization because Libra concerns me that they’re going to control the market,” McCarthy says.

While Libra promises more stability, McCarthy remains concerned.

“When I’m on Facebook, I’m not the customer, I’m the product,” he said. “Facebook is free because they sell your data to make money. Now they want to get into the business, and they’re not bitcoin, in this Libra. They’re not decentralized.”

In Libra hearings by the Senate Banking Committee on Tuesday and House Financial Services on Wednesday, McCarthy said he’s looking for the social media giant to address its potential anti-competitive behavior.

“I want to see decentralization because Libra concerns me that they’re going to control the market,” McCarthy said.

 

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Mohsen Daemi
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