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Washington insiders and Waters' memo: Here's what Congress wants to know about Facebook's Libra next week
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Quick Take
- Facebook will address Committees in the Senate on Tuesday and House of Representatives on Wednesday about its Libra cryptocurrency
- A memo obtained by The Block plus exclusive industry sources reveal exactly what Capitol Hill wants to know
- Some of the questions Congress have include: whether Libra is an ETF; if it introduces systematic risk to the economy; and why it is based in Geneva, Switzerland
Facebook is set to testify in front of lawmakers next week, and there are a number of critical questions hanging over the company’s cryptocurrency project before Mr. Marcus goes to Washington. Facebook gatecrashed the cryptocurrency world when it recently announced its plans for Libra along with dozen of major partners including Visa, MasterCard, PayPal, Uber, […]
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