#CryptoCorner: U.S. Treasury to Investigate Libra (NASDAQ: $FB), Grayscale Continues (OTC: $GBTC) #DropGold Campaign to Encourage Crypto Investment, Cryptanite (CSE: $NITE.C) Name Change

Point Roberts, WA and Delta, BC – October 23, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market.

Listen to today’s Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2019/102319-CryptoMarket.mp3

#CryptoCorner: U.S. Treasury to Investigate Libra (NASDAQ: $FB), Grayscale Continues (OTC: $GBTC) #DropGold Campaign to Encourage Crypto Investment, Cryptanite (CSE: $NITE.C) Name Change

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U.S. Treasury to Investigate Libra, Grayscale Continues #DropGold Campaign to Encourage Crypto Investment, Cryptanite Name Change to ‘Intellabridge Technology Corporation’

Stocks discussed: (NasdaqGS:FB) (OTC:GBTC) (CSE:NITE)

The U.S. Department of Treasury will investigate Libra, the planned cryptocurrency project from Facebook (NasdaqGS:FB). The decision by the Treasury was prompted by a letter from Emanuel Cleaver, II, congressman for Missouri’s fifth district, who requested that regulators examine Libra and Calibra for “possible systemic risk”. In a responding letter received by Congressman Cleaver yesterday, the Treasury said:

“It is unclear whether U.S. and foreign regulators will have the ability to monitor the Libra market and require corrective action, if necessary. This concern must be addressed if the Libra is to launch.”

Congressman Cleaver said:

“With the vast influence and reach of a company such as Facebook, it is absolutely critical that any effort to launch a cryptocurrency be met with the most stringent of examinations to ensure such an endeavor does not pose a systemic risk to the global economy. I appreciate Facebook’s willingness to work with federal regulators as the company seeks to launch Libra, which has the potential to update-or upend-our financial…

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