Category: U.S. Senate

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July 16, 2019

Highlights from Facebook’s Libra Senate hearing

Facebook will only build its own Calibra cryptocurrency wallet into Messenger and Whatsapp, and will refuse to embed competing wallets, the head of Calibra David Marcus told the Senate Banking Committee today. While some like Senator Brown blustered that “Facebook is dangerous!”, others surfaced poignant...


by Josh Constine in Apps
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July 15, 2019

Facebook’s testimony to congress: Libra will be regulated by Swiss

The head of Facebook’s blockchain subsidiary Calibra David Marcus has released his prepared testimony before congress for tomorrow and Wednesday, explaining that the Libra Association will be regulated by the Swiss government since that’s where it’s headquartered. Meanwhile, he says the Libra Association and Facebook’s...


by Josh Constine in Apps