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The US Senate will hold a hearing on the Libra cryptocurrency in July

Senate-hearing-on-the-Libra-cryptocurrency The US Senate will hold a hearing on the Libra cryptocurrency in July

The US Senate Committee on Banking, Housing and Urban Affairs on July 16 will hold a hearing on the new Libra cryptocurrency being developed by Facebook.

A hearing entitled "Examining Facebook's Proposed Digital Currency and Data Privacy Considerations" was scheduled after calls from members of Congress to study the Libra project and its potential risks more carefully. There were even calls to stop the work on the project before the hearing.

A Facebook spokesman said that "we look forward to the opportunity to answer the questions of the legislators." The meeting on July 16 will be held at 10:00 am EST and will be broadcast to the public.


Last month, it was the Senate Banking Committee that wrote an open letter to Facebook asking them to answer questions about the work on Libra, including how the company would comply with the requirements of regulators and market observers. As of this week, Facebook has not responded directly to this letter, but a company spokesman said that "we received a letter and answer questions from the senators."


The upcoming launch of Facebook cryptocurrency and the publication of the Whitepaper of the project have caused a strong response from the authorities around the world. According to Bank of England chairman Mark Carney, Facebook's cryptocurrency initiative can meet the "highest standards" in world regulation. 

SOURCE

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Comments (4)

This comment was minimized by the moderator on the site

Although, you have to understand and keep in mind that Mark does not do it out of the goodness of his heart happy He understands where the dog rummaged and that he needs to hurry in order to be the first to have his own managed money in the...

Although, you have to understand and keep in mind that Mark does not do it out of the goodness of his heart happy He understands where the dog rummaged and that he needs to hurry in order to be the first to have his own managed money in the super-competitive world of Western high-tech companies.

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This comment was minimized by the moderator on the site

That is, Mark, of course, works for himself, above all. And again: the great miracle of capitalism and a crypt - working for itself, it helps everyone!

This comment was minimized by the moderator on the site

By the way, did you study the list of members of the Libra? Noticed that there is not enough elephant? happy Amazon is not involved there! So we are waiting very soon for a crypt from Amazon? happy

This comment was minimized by the moderator on the site

I continue to study a huge array of texts on Libra and the more I read and learn about it, the more I am convinced: Libra is not so dangerous and moreover - it will be a ram to spread a crypt and a springboard for bitcoin and altos.

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