VanEck Director: Frustrated Members of Parliament Threatening Private Companies Through Regulators

In response to a US Senate’s letter to VISA and other payment companies urging them to reconsider their cooperation with Libra this week, VanEck director Gabor Gurbac commented on Twitter today, “This incident has led many executives to choose not to try and innovate. Avoiding regulatory pressures. This is really sad. The United States could have done better. I am frustrated to see that members of the US Senate use regulators and actions to directly threaten the existing business of the private sector. Usually the most important regulation The institution should be an independent institution/entity, at least in theory."