Abra CEO Claims Bitcoin is Protected by the Constitution of the U.S.
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4 July
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The Head of crypto investment app Abra, Bill Barhydt, in a recent interview with Forbes said that bitcoin (EXANTE: Bitcoin) can't be banned by the Government of the United States since BTC just like speech is protected by the Constitution of the U.S.

Barhydt claims since bitcoin is a line of computer code and code is speech, then speech (and bitcoin especially) is protected.

"The edge of the network, I think, should scare all of us because it’s not a bitcoin-specific issue. That’s, you know, a government overreach issue and a free speech issue that I think we don’t take seriously. We don’t hear enough of a narrative around bitcoin as free speech. And free speech needs to be a protected human right across the board," said Barhydt.

The Head of Abra added that the fact Facebook’s Libra crypto is not as decentralized as bitcoin and "involves much more than just ones and zeros in someone’s pocket is a problem for that project."

Earlier Joseph Stiglitz, an American Nobel Laureate in Economics and professor at Columbia University, published an article in which he claimed that "only a fool would trust Facebook with his or her financial wellbeing."

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