President Donald Trump railed against cryptocurrencies and specifically called out Bitcoin and Libra, Facebook’s new cryptocurrency that is backed by companies like Uber and Mastercard.
Trump tweeted he was “not a fan of Bitcoin and other Cryptocurrencies.”
Trump joins politicians from both sides of the aisle in expressing skepticism about Facebook’s ambitions with Libra.
Trump’s comments came on the same day as a social-media summit at the White House, in which he accused Facebook and Twitter of censoring him and conservative commentators.
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President Donald Trump railed against cryptocurrencies and specifically called out Bitcoin and Libra, Facebook’s new cryptocurrency that is backed by companies including Uber and Mastercard.

“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” Trump tweeted Thursday. “Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.”

“Similarly,…

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