Bitcoin has had a fraught relationship with governments around the world since it was created a little over ten years ago. Now, as bitcoin is gaining broader support on Wall Street and in Washington, the chief executive of major bitcoin and cryptocurrency investor Digital Currency Group, Barry Silbert, has said he thinks the risk of a "catastrophic" U.S. bitcoin ban is a thing of the past. NurPhoto via Getty Images"For the first time ever, we're past the 'ban bitcoin' perceived risk," Silbert said, speaking on bitcoin and crypto-asset manager Grayscale's second quarter investor call earlier this week, adding he's "cautiously optimistic" the crypto regulatory landscape in the U.S. to either improve or remain the same. "Don’t be a trade negotiator," Trump reportedly told Mnuchin in May 2018, ordering him instead to: "Go after bitcoin [for fraud]." "There's such a risk associated with centralized databases," Silbert said, arguing the Twitter hack highlights security risks that bitcoin and its underlying decentralized blockchain technology could help improve.

Source: Forbes July 20, 2020 00:22 UTC