Opinion: The US Congress prohibits large technology companies from introducing digital assets into the draft bill to benefit Bitcoin

Morgan Creek Digital co-founder Anthony Pompliano said that "Let a large technology company stay away from the financial sector bill" is unlikely to succeed, but this is the news that I have heard the best bitcoin in a few weeks! Blocktown Cap managing partner James Torado said, “The government is quite effective at shutting down alternative currencies. They use the same tactics on Libra. Bitcoin is different because no company can be brought to court. But they can be banned like gold in the middle of the 20th century. Hold Bitcoin." According to The Block, before the Facebook congressional hearing, the draft discussion on "Let the large technology companies stay away from the financial sector bill" appeared. The bill aims to prevent the Internet and technology giants from becoming financial institutions. It also attempts to prohibit these companies from “establishing, maintaining or operating digital assets that are intended to be widely used as a medium of exchange, accounting units, and value storage”. If the bill is passed, according to the draft, any technology company with a global annual income of more than $25 billion and a third-party connectivity platform that provides online public markets, exchanges or platforms will fall under the jurisdiction of the bill. Violators will be fined $1 million a day. According to people familiar with the matter, the draft discussion was proposed by the staff of the US House Financial Services Committee. There are currently no official statements.