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News broke yesterday that the Libra Association had seen it’s eighth high-profile defection, this time from the telecom giant Vodafone. In today’s episode of The Breakdown, @nlw argues that Association members are far less of a factor in Libra’s success than key regulatory questions around domiciling, the value peg and the US’s fear of a Chinese digital currency.
Also in this episode, Square Crypto announces its plans for a 'Lightning Development Kit' while Square also announced a new patent that could make crypto easier to use. In regulatory battles, meanwhile, both the Blockchain Association and the Chamber of Digital Commerce have filed amicus briefs around the SEC-Telegram lawsuit.
Vodafone Is the Latest Big Company to Quit Facebook-Founded Libra Association
Square Crypto Is Creating a 'Lightning Development Kit' for Bitcoin Wallets
Jack Dorsey's Square Wins Patent for Fiat-to-Crypto Payments Network
Blockchain Association Sides With Telegram Against SEC, Says Grams Are Not Securities