Search Coins

Privacy Centric Crypto-Powered Brave Browser Hits 8 Million Active Users Monthly

www.coinspeaker.com13 minutes ago
0

Kakao’s blockchain ecosystem Klaytn onboards 8 new app partners

www.cryptoninjas.net24 minutes ago
0

Lump Sum Bitcoin Investors Makes More Profits than DCA

www.newsbtc.com27 minutes ago
0

Telegram Argues that Its Gram Token Is Not Security

www.coinspeaker.com41 minutes ago
0

FATF Raises Money Laundering Concerns Over Libra and Stablecoins

cointelegraph.coman hour ago
0

Ripple’s Breanne Madigan highlights the United States’ lack of regulatory clarity

eng.ambcrypto.coman hour ago
0

Congress Senator Just Gave A Thumb Up to Libra

cryptodaily.co.ukan hour ago
0

Huobi to Launch Fiat Platform with Lira-Tether Pairing in Turkey in Q4 2019

www.coinspeaker.coman hour ago
0

Digital Securities Exchange Taps R3’s Blockchain for Post-Trade Activities

www.coindesk.coman hour ago
0

Charles Schwab Brokerage Firm will Allow Investors to Trade Fractions of Stocks

www.coinspeaker.coman hour ago
0

Binance Jumps to 125X Leverage

cryptovest.coman hour ago
0

Mark Zuckerberg Defends Freedom of Expression but Not Mentions Libra

www.coinspeaker.coman hour ago
0

Libra, other stablecoins could hinder efforts to halt criminal use: FATF

eng.ambcrypto.com2 hours ago
0

Ripple CEO claims to sign over 30 deals a week with financial institutions for blockchain payments

www.theblockcrypto.com2 hours ago
0

Fake Tor Browser Has Been Spying, Stealing Bitcoin ‘For Years’

www.coindesk.com2 hours ago
0

Raiffeisen Among 18 Banks in First Global Tokenized Collateral Trial

cointelegraph.com2 hours ago
0

Huobi To Start Tether Trading For ‘Important’ Turkey Lira By End Of 2019

bitcoinist.com3 hours ago
0

Crypto-jackers now using fake WordPress plug-ins to mine cryptocurrencies

eng.ambcrypto.com3 hours ago
0

Huobi announces plans to launch fiat gateway in Turkey

eng.ambcrypto.com3 hours ago
0

G-7 Task Force Releases Full Report on Impact of Global Stablecoins

cryptopost.com3 hours ago
0

Libra Roundup: G7 Voice Concerns, Senator Adds Support, New Study Emerges

bitcoinist.com3 hours ago
0

AltOne CEO Implicated in Possible Data Transaction Token Exit Scam

altcoin.media3 hours ago
0

Local Cryptocurrency To See Launch for Ise-Shima Region in Japan

cryptodaily.co.uk3 hours ago
0

NEM (XEM) Rises on News of Catapult Tokens Launch

cryptovest.com4 hours ago
0

Bermuda Premier: Cryptocurrency a Great Equalizer Against Big Tech

cointelegraph.com4 hours ago
0

Zuckerberg Dines With US Democrats Concerned Over Facebook’s Libra

Sep 19, 2019 6:27 PM +00:00
0

Facebook Mark Zuckerberg is grilled with questions and concerns about its planned Libra stablecoin project by Democratic lawmakers during a private dinner.

Facebook’s Mark Zuckerberg had dinner with a handful of United States lawmakers, where he was met with intense scrutiny of Facebook’s proposed Libra stablecoin project.

Zuckerberg grilled by Democratic lawmakers

According to an article by the Washington Post, on Sept. 19, the Democratic Senator Mark R. Warner said that during a Sept. 18 dinner with Democratic lawmakers, Zuckerberg heard “consistent concerns about privacy, concerns around vile content and how it came to be dealt with.” 

The U.S. senator added that members asked specific questions about Facebook’s plans to launch Libra stablecoin, a cryptocurrency that has seen plenty of scrutiny in recent months from policymakers around the world. Warner added:

“One of the things I’m very worried about is, when the Facebook representative testified before the Senate, before my committee, he said, ‘You know, if we can’t get American regulatory approval, we won’t launch,’ [...] We hear lots of indication Facebook may choose to launch in other nations first. … So somebody is not telling the truth.”

Warner seemed convinced that Zuckerberg heard the concerns from the US policymakers, however, he added:

“I still don’t have 100 percent clarity on whether they feel like they can launch short of U.S. regulatory approval.”

Sen. Richard Blumenthal, who was also present during last night’s dinner, said that he welcomed “the strong, constructive interest shown by Mr. Zuckerberg,” adding:

“We talked about some of the most pressing challenges facing the tech industry, including its repeated failures to [protect] election security and consumer privacy. I focused on the challenges of privacy safeguards.”

Zuckerberg aims to win over US Policymakers

Cointelegraph reported earlier that Zuckerberg is in Washington for meetings with policymakers to discuss internet regulatory matters such as privacy, competition and its handling of political content. These meetings come after months of intense scrutiny of Facebook’s planned Libra stablecoin project from United States lawmakers and regulators.

Facebook facing resistance from European lawmakers

This month, French Finance Minister Bruno Le Maire said that France will not authorize the development of Libra on European soil, followed by the recent news that German Finance Minister Olaf Scholz stated that policymakers cannot accept parallel currencies such as Facebook's proposed Libra stablecoin.

Share This Article


Get the most out of CoinFi News!

Save coins into your Watchlist and be the first to know about the latest market moving news.