Welcome back to another Crypto Daily 3 at 3. All right, what's going on, guys? It is Wednesday, October 2nd, and we have kind of a political kind of themed three at three today. So first we're going to talk about Libra and some new information and or FUD depending on your perspective about its membership base of the Libra Association.

Second, we're going to talk about new advocates for cryptocurrency on both the national and state level.

And then third, we're going to talk about Bitcoin and Hong Kong amid ongoing protests.

So let's start with Libra. It continues to be the

story defining the time in a lot of ways. So yesterday, there was another report from the Wall Street

Journal with more detail about something that we've been hearing for a while, which is that

key members of the Libra Association are either A, not as committed as they perhaps

seemed when Facebook presented them and announced the whole thing, or B, that they're reconsidering

their commitment now in the light of pressure from governments around the world. So not a ton of details given in the Wall Street

Journal piece, but basically you can see here Visa, MasterCard, and other financial partners

that signed on to build and maintain the Libra Payments Network are reconsidering their involvement

following a backlash from U.S. and European government officials. Major defections could imperil Libra.

Facebook's attempt to persuade consumers

to swap their national currency currencies

for a digital coin that could be used to pay

for goods and services on the internet.

By the way, that's an interesting phrasing.

I don't think, I think that Facebook would bristle at that

as they're trying to be very clear that it's not

a swapping Libra for for other currencies.

At least that's what they're trying to say.

So on and so forth, right?

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