Bitcoin political winds shifted as Facebook’s crypto crumbled

Key Points

1. Facebook's Libra (later Diem) project faced significant political and regulatory scrutiny in 2019, reflecting broader skepticism towards cryptocurrencies at the time.

2. Former US Rep. Patrick McHenry argued that Bitcoin could not be 'killed,' even by powerful entities like the Chinese government, highlighting its resilience.

3. The current political climate in the US has become more accommodating towards Bitcoin and cryptocurrencies compared to six years ago.

4. The article mentions Blockworks' Digital Asset Summit (DAS) as a platform for discussions on digital assets, indicating ongoing industry engagement and development.

5. Aptos' ecosystem growth, including significant stablecoin holdings and trading volumes, is noted as an example of current blockchain innovation and adoption.