Facebook Digital Currency
2019-07-19T13:49:27-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvM2MyXC8yMDE5MDcxOTE0MDgyNzAwMl9oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==The House Financial Services Committee held a hearing on Facebook’s plans for a new digital currency called “Libra.” David Marcus, the co-creator of Libra who heads the social media and networking service’s Crytocurrency Group, testified in the first panel. Lawmakers questioned him about the proposed currency and its potential effect on the U.S. financial system and economy. Mr. Marcus, who appeared before the Senate Banking Committee earlier in the week, again stressed that Facebook is committed to addressing lawmakers' and regulators' concerns before launching the product.
Gary Gensler, former chair of the Commodity Futures Trade Commission (CFTC), and other financial experts testified in the second panel.
Gary Gensler, former chair of the Commodity Futures Trade Commission (CFTC), and other financial experts testified in the second panel.
The House Financial Services Committee held a hearing on Facebook’s plans for a new digital currency called “Libra.” David Marcus, the co-creator… read more
The House Financial Services Committee held a hearing on Facebook’s plans for a new digital currency called “Libra.” David Marcus, the co-creator of Libra who heads the social media and networking service’s Crytocurrency Group, testified in the first panel. Lawmakers questioned him about the proposed currency and its potential effect on the U.S. financial system and economy. Mr. Marcus, who appeared before the Senate Banking Committee earlier in the week, again stressed that Facebook is committed to addressing lawmakers' and regulators' concerns before launching the product.
Gary Gensler, former chair of the Commodity Futures Trade Commission (CFTC), and other financial experts testified in the second panel. close
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Chris Brummer Faculty Director Georgetown University Law Center->Institute of International Economic Law
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