david kirkpatrick, giving his stuff here on all things technology.e want to bring you back to the world of finance. we did get the results of the stress tests on the big u.s. banks. those banks now announcing their dividends and buyback plans. bank of america closed by 17%. caroline: we continue to wait for goldman sachs to come out and a number of the other key banks. we have been hearing from a number of other companies, jp morgan roosting its dividend to. romaine: coming up, we are going to demystify with the ceo from dragonfly capital right after the rake. -- after the break. this is bloomberg. ♪ romaine: welcome back to the program. it coin cryptocurrencies rising despite a crackdown in the u.k. by the country's financial watchdog. i need you to demystify. joe: i still can't. i believe our guest can. ethereum was hot for a while and then cooled off. having a nice bounce, over 2100. here for more is the -- people are trying to figure out what all of the stuff is about an ac some acronyms or tickers and whatever. how can a typical person even begi

to discuss, we are joined by david kirkpatrick. david, did facebook go too far or not far enough?avid: you might be surprised to hear me say this because i've been very critical of facebook in recent years but i think they went to the right place in this instance. the proof will be in the pudding as to how they actually implement what they said they are doing today, i was very impressed they seemed to have taken some very rational steps. it was not just extending the ban on trump, it was implementing a whole new set of guidelines for how they treat politicians and how they treat the notion of newsworthiness when it comes to politicians globally. they made some big changes. emily: let's talk a little about the reaction. there is the reaction from trump himself saying the decision is an insult to the record-setting 75 million papal -- people plus many others who voted for us, they should not be able to get away with this censoring, our country cannot take this abuse. to be clear, it was just over 74 million votes. then facebook almost a saying it doesn't want to have this power, a l

that's get analysis with david kirkpatrick.d mean, for example, amazon would be forced to sell off its logistics business. it is a big deal if this passes. how significant is it? >> it is very significant, but even what you said is unknown. what the bills will do is not entirely clear. even though if you read the text of one of the bills, it sounds like it could require amazon to say get rid of aws, or airplanes and all of that. because specific companies aren't mentioned in the bills, in terms of the impact it would have on each of them, it is hard to know how they would be interpreted. my view of the whole exercise is this is more of an early shot over the bow than darting the i's and crossing the t's of final legislation. we are a long way from these bills being law. emily: you need alignment in the house, also in the senate. it seems we are starting to see that. i sat down with senator amy klobuchar, the counterpart of david cicilline. she is working on companion bills. she has bills of her own and agrees big tech needs to

david kirkpatrick, sarah frier, we appreciate it.nother story we are watching, walmart is moving to counter amazon's push into prescription drugs. the largest retailer will offer its own brand of insulin for folks with diabetes. walmart says it will be as much as 75% cheaper. 15 years ago they disrupted the industry by offering generic drugs to treat everything from allergies to cholesterol. this will cost just $4 a prescription. the u.s. is sounding more bullish. we look at the case for the digital dollar and what crypto regulations are coming. this is bloomberg. ♪ emily: bitcoin rebounding for now after a wild ride the last few weeks. the most popular cryptocurrency has rallied above the average price the last 20 days. fed governor sounding more bullish on stable coins, saying, in my judgment we don't need to fear stable coins. the federal reserve has sponsored private-sector innovation. i believe we must take strong account of the potential benefits of stable coins. i want to bring in jeremy allaire, co-founder, ceo and chair of c