US Senate opens hearing into Facebook plans for Libra cryptocurrency.
U.S. lawmakers from both sides of the aisle were set to grill Facebook on its cryptocurrency plans on Tuesday, as the project continues to draw intense scrutiny from financial regulators and politicians across the globe.
"Facebook has demonstrated through scandal after scandal that it doesn't deserve our trust," Sen. Sherrod Brown, D-Ohio, the ranking member of the Senate Banking Committee, said in his opening remarks."We'd be crazy to give them a chance to let them experiment with people's bank accounts." Marcus, who was president of PayPal from 2012 to 2014, tried to assuage concerns in his opening remarks by promising that Facebook will not begin offering Libra until regulatory issues are addressed.
He is also likely to face skepticism from Republicans after U.S. President Donald Trump and Treasury Secretary Steven Mnuchin voiced concerns. Rumors had surfaced as early as last year that Facebook was working on a digital currency, but news that the project was in its advanced stages started to emerge only in recent months.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Senate to grill Facebook over plans for Libra cryptocurrencyU.S. lawmakers from both sides of the aisle are set to grill Facebook Inc on its...
Baca lebih lajut »
Watch Facebook's crypto chief testify before the Senate banking committee on LibraThe head of Facebook's cryptocurrency projects David Marcus testifies before the Senate Committee on Banking, Housing and Urban Affairs.
Baca lebih lajut »
Reuters Top News @ReutersSenate holds hearing on Facebook's proposed digital currency Libra
Baca lebih lajut »
Peter Thiel Cries Treason On Google; Senate Grills Facebook Over New Crypto Libra; Celebrating Gay Computer Pioneer Alan TuringTopline: Billionaire Peter Thiel has called Google's work with China 'seemingly treasonous'; The Senate Banking Committee will grill Facebook executives later today on their plan to launch a new cryptocurrency, Libra; Gay computer pioneer Alan Turing is honored on the UK's new £50 note.
Baca lebih lajut »
Facebook crypto chief says company does not expect 'to make money at the outset' with Libra currencyIn his prepared testimony for Tuesday's Senate banking committee hearing, Facebook's David Marcus tells lawmakers that the Libra currency will be secure.
Baca lebih lajut »