Calibra
Facebook’s Libra Project Is Getting Hammered From All Sides, With Fed Chair Raising ‘Serious Concerns’
Federal Reserve Chairman Jerome Powell at a House Financial Services committee meeting on July 10, 2019.Photo: Susan Walsh (AP) Facebook’s already-troubled Libra cryptocurrency project, which has already run into significant opposition among the U.S. House Committee on Financial Services and the Senate Banking Committee, is running headlong into further resistance from regulators. On Wednesday, Wired …
Senate Banking Committee Schedules Hearing on Facebook’s Massive Cryptocurrency Project
Photo: Richard Drew (AP) The U.S. Senate Banking Committee is set to scrutinize Facebook’s cryptocurrency ambitions at a hearing set for July 16, Reuters reported on Wednesday, in yet another sign that legislators are extremely wary (to put it mildly) of the company’s shift into global financial services. According to Reuters, the hearing will “explore” …
