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Facebook currency chief faces withering questioning from Democrats in Congress
1 month ago - By CNBC
Facebook's head of Calibra David Marcus is grilled during a House Financial Services Committee hearing over the company's digital currency plans.
Read more ...Alexandria Ocasio-Cortez's exchange with Facebook's crypto boss exposed a big problem about who actually controls the Libra currency
1 month ago - By Business Insider
Rep. Alexandria Ocasio-Cortez and Facebook exec David Marcus had an enlightening exchange during a hearing with lawmakers about the social network's Libra digital currency on Wednesday.
Facebook has gone to pains to show that it will not control Libra, forming an association comprising numerous organizations that will oversee the currency.
But Ocasio-Cortez made the point that this group is largely composed of corporations, and not democratically elected representatives. For a fundamental public asset, that's a problem, AOC suggested.
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