Given that these aren't the only pieces of evidence hats men the OAG claims to possess, it would seem that iFinex may not be successful in having the case thrown out. That said, there still isn't certainty that the attorney general will succeed in proving a link with New York because, as Aviya Arika indicates, other factors complicate the issue. "Another interesting issue here would be the non-solicitation issue," she said. "What the court's approach will be if Tether had allowed NY residents to transact but had not solicited or targeted them and had created the relationship with them completely passively."

Over the last few years, United States President Donald Trump's tweetstorms have become a peculiar yet amusing feature of American public life. The president's off-the-cuff comments have served a wide variety of purposes, from enriching political discourse with dad hats the mysterious term covfefe to delivering direct threats  furnished with proper capitalization  to the leadership of the nations deemed U.S. adversaries. The most newsworthy rants almost invariably felt improvised, emotional and reactive.

The Verge's Elizabeth Lopatto questioned Trump's understanding of the subject bowler hat matter altogether, I do not believe for an instant that the president could define a cryptocurrency, explain what bitcoin is, or even know what Libra (much less its Association) is supposed to be."Whoever had penned the tweets, cryptocurrency prices took a tumble immediately, then bounced upward briefly before entering an even greater hit, flashing red signals all across the market.

Now, facilitation of crime. The tale is so rusty that, for many crypto aficionados, it has become difficult to go on yet another round of debunking it without rolling their hats kangol eyes. McAfee chose a classic way to retort: It is true that Bitcoin gave a certain edge to villains for a short time, but so did every consequential invention in history, including, for example, the telephone. As of today, the track record of U.S. law enforcement agencies picking criminals' traces off blockchains is already impressive, and there is no reason to expect that a future regulation-compliant decentralized digital asset would be any different in this regard.

All in all, while it is hard to expect anything else than a firm no-coin stance from a public servant tasked with overseeing the U.S. national currency, the set of arguments that Donald Trump recently advanced have several pronounced gaps to take a dig at. Moreover, the ever-expanding blockchain-based financial system is not going anywhere as a result of Trump's tweets. It will remain right there, close behind the traditional institutions, waiting for The Donald or the next U.S. leader to address it in earnest.

Rep. Jim Himes from Connecticut suggested that Libra resembles an exchange-traded hats straw fund ( ETF ), which is a kind of investment fund that is tied to the price of an underlying asset  a commodity, an index, bonds or a basket of assets  like an index fund and is traded on exchanges. Indeed, Libra will be backed by a reserve of assets ostensibly "designed to give it intrinsic value" and to mitigate volatility fluctuations. These assets consist of a basket of bank deposits and short-term government securities that will be held in the Libra Reserve for every Libra coin that is issued, according to the white paper .