Facebook Libra Not Avoiding U.S. Regulators, Switzerland a Better Fit
No, Congress, Libra is in Switzerland simply because it’s better for crypto than the United States Go to Source Powered by WPeMatico
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US Senate to Hold Debate on Crypto, Blockchain Regulatory Frameworks
The United States Senate Banking Committee is set to hold a broader debate on crypto and blockchain regulatory frameworks next week Go to Source Powered by WPeMatico
Crypto Bullishness Spreads on Capitol Hill
U.S. Congress has shown that it is starting to care about cryptocurrency as a number of lawmakers spoke up in favor of it this week. “The world Satoshi Nakamoto had envisioned is an unstoppable force” and “there’s no capacity to kill bitcoin” are some of the comments made by lawmakers. Meanwhile, the Fed chair said … Read more
Libra Is Like Sending a Friend Request to Terrorists, Politician Says
A day after warning that Libra could endanger America more than 9/11, a Democratic congressman has attacked Mark Zuckerberg on Twitter Go to Source Powered by WPeMatico
Libra Will Upset World Economy if It Isn’t Regulated Tightly, G7 Warns
The G7 has warned that cryptocurrencies such as Libra could upset the world’s financial system unless they are tightly regulated Go to Source Powered by WPeMatico
Ocasio-Cortez Criticizes Corporate-Controlled Money in House’s Libra Hearing
Congresswoman AOC pressed Facebook’s David Marcus on his views about currency as a public good, and criticized corporate-backed currency Go to Source Powered by WPeMatico
Rep. Waters Opens Libra Hearing With Indictment of Facebook’s Past Mistakes
Rep. Maxine Waters opened today’s hearing on Facebook’s Libra project by noting the firm’s past behavior regarding user data and privacy Go to Source Powered by WPeMatico
Senator Brown on Libra: ‘A Recipe for More Corporate Power Over Markets’
Senator Brown discussed concerns about Facebook have too much control over consumer finances following the Senate Banking Hearing on Facebook’s Libra Go to Source Powered by WPeMatico
Post-Hearing: Ranking Senate Committee Members Discuss Regulations
Senate Banking Committee members discussed regulation of big tech companies in a press conference following today’s Libra hearings Go to Source Powered by WPeMatico
How US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra
Facebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U.S. government seem fearful of a giant tech establishing itself as a financial institution. Prior to the U.S. congressional hearings and the upcoming G7 finance meeting, a U.S. discussion draft bill, the Keep Big Tech Out of Finance Act, hopes to … Read more
