Facebook Digital Currency

During testimony before the Senate Banking Committee, Facebook’s David Marcus pledged to work with lawmakers to address concerns over the… read more

During testimony before the Senate Banking Committee, Facebook’s David Marcus pledged to work with lawmakers to address concerns over the company’s new proposed digital currency, Libra. Mr. Marcus, a co-creator of Libra, took questions from lawmakers regarding a variety of concerns, including the possibility of money laundering schemes, scams, terrorism financing and international sanctions violations. Mr. Marcus argued the lawmakers' concerns were why the U.S. needs to lead in this emerging market. Senator Tom Cotton (R-AR) raised concerns over countries like Iran developing its own cryptocurrency to avoid sanctions compliance by not using the U.S. dollar. close

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Facebook Digital Currency

5,639 Views
Program ID:
462671-1
Category:
Senate Committee
Format:
Senate Committee
Location:
SH-216, Hart Senate Office Building, Washington, District of Columbia, United States
First Aired:
Jul 16, 2019 | 10:01am EDT | C-SPAN.org
Last Aired:
Jul 31, 2019 | 3:19pm EDT | C-SPAN 3

Airing Details

  • Jul 16, 2019 | 5:40pm EDT | C-SPAN 3
  • Jul 17, 2019 | 12:13am EDT | C-SPAN 3
  • Jul 19, 2019 | 10:54pm EDT | C-SPAN 2
  • Jul 20, 2019 | 4:54am EDT | C-SPAN 2
  • Jul 20, 2019 | 4:25pm EDT | C-SPAN RADIO
  • Jul 22, 2019 | 1:32am EDT | C-SPAN 1
  • Jul 23, 2019 | 7:29am EDT | C-SPAN 3
  • Jul 31, 2019 | 3:19pm EDT | C-SPAN 3
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Facebook Digital Currency

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