News broke yesterday that the Libra Association had seen it’s eighth high-profile defection, this time from the telecom giant Vodafone. In today’s episode of The Breakdown, @nlw argues that Association members are far less of a factor in Libra’s success than key regulatory questions around domiciling, the value peg and the US’s fear of a Chinese digital currency.Also in this episode, Square Crypto announces its plans for a 'Lightning Development Kit' while Square also announced a new patent that could make crypto easier to use. In regulatory battles, meanwhile, both the Blockchain Association and the Chamber of Digital Commerce have filed amicus briefs around the SEC-Telegram lawsuit. Topics DiscussedVodafone Is the Latest Big Company to Quit Facebook-Founded Libra AssociationSquare Crypto Is Creating a 'Lightning Development Kit' for Bitcoin WalletsJack Dorsey's Square Wins Patent for Fiat-to-Crypto Payments NetworkBlockchain Association Sides With Telegram Against SEC, Says Grams Are Not SecuritiesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.