- U.S. Government made multiple attempts to “shut down bitcoin”
- Katie Haun made the revelations in a recent interview with CNBC
- Facebook’s Libra is also on the receiving end of the governmental and regulatory offensive
According to a Forbes article published on October 8, 2019, the U.S. government actively tried to “shut down bitcoin” seeing the massive level of threat it could potentially pose to the global fiat economy and the greenback.
No Success Story
Stories and legends in the cryptocurrency space are never lacking in the drama quotient and this is exactly was replicated recently. Per sources close to the matter, Katie Haun, a federal prosecutor-turned bitcoin and cryptocurrency expert, was asked by the U.S. attorney office in 2012 to look for ways to “shut down” bitcoin.
In an interview with CNBC, Haun told the audience how one of her colleagues asked her to “take down bitcoin.” She said:
“They said ‘we have this perfect assignment for you’–there’s this thing called bitcoin and we need to investigate it. That was the first time I’d ever heard of bitcoin.”
Interestingly, Haun has come a long since 2012. Over the next few years, Haun’s career trajectory saw her sitting on the board of major U.S.-based cryptocurrency exchange Coinbase and take classes on cryptocurrencies at Stanford Law School.
Haun added that all major attempts to kill the premier cryptocurrency by the U.S. Department of Justice (DoJ) eventually came to nothing. She added that killing off bitcoin “would have been akin to saying ‘let’s go prosecute cash.’”
Trouble with Libra Too
Today, Haun holds the distinction of being the first female general partner at the U.S. venture capital firm Andreesen Horowitz and co-heads its mammoth $350 million crypto fund. The crypto veteran has also worked closely with Facebook’s troubled digital currency project Libra.
Speaking of Libra, the controversial digital token has continually been under regulatory assault since its inception. As reported by Blockchain Reporter on July 18, 2019, the blue and white brand’s cryptocurrency came under immense fire from the U.S. Congress as it bashed the lack of clarity surrounding the nitty-gritty of the crypto token.