• Facebook currency chief faces withering questioning from Democrats in Congress

    4 monthes 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.
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  • Alexandria Ocasio-Cortez's exchange with Facebook's crypto boss exposed a big problem about who actually controls the Libra currency

    Alexandria Ocasio-Cortez's exchange with Facebook's crypto boss exposed a big problem about who actually controls the Libra currency

    4 monthes 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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