Welcome back to another Crypto Daily 3 at 3. All right, guys, happy Friday. First Friday in September. We're back to school. We're back to work. And today I wanted to focus on actually one topic instead of three, maybe a couple different dimensions of it, a couple different pieces of news. Anyone who watches or listens to this knows that I think that this, the story of the summer,

and what likely is one of the big stories going forward, is the growth in the battle for

digital global money. We saw the launch of Libra. We saw the launch of Libra accelerate China

and everywhere else's, frankly,'s attempt to build central bank digital currencies.

We are seeing a global competition around different approaches to government-integrated

currencies as witnessed by Binance's Venus announcement.

I think this is basically one of the central battlegrounds for digital money, right?

I previously have called it there's sort of this trifurcation of crypto into

permissionless chains like Bitcoin, permission kind of corporate rule chains, and then government currencies. And you're seeing the

blending in the convergence of many of them.

And so I wanted to take a quick peek into what's going on right now with Libra and with China

based on some recent things that we've seen.

So first of all, some interesting news around Libra.

It's been kind of quiet since the hearings last month.

But we're seeing some amount of activity. So the block

reported that Facebook had hired two more lobbyists for the Libra Cryptocurrency Initiative,

which squares kind of with the sense that most people have that the biggest challenge right now

for Libra is regulatory, right? In fact, that's when we saw Binance Venus launch a couple weeks ago,

the major thing that we discussed was the extent to which that was trying to arbitrage

the potential that Facebook just gets mired in this endless global regulatory battle and instead

creeps in and basically says, hey, we have a better option for building your central bank digital currency.

You can work with us to build your own kind of localized,

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