Facebook has hired a former aide to the chairman of the U.S. Senate Banking Committee to lobby for its Libra cryptocurrency project.
Facebook Libra Might Not Ever Launch, Concedes Firm
Facebook has acknowledged what many have been saying – that regulatory issues may be an insurmountable barrier to its Libra project.
WATCH: The Facebook Libra Hearings: Everything You Missed in 5 Minutes
From Silicon Valley to Washington, DC, Facebook’s Libra is causing concern everywhere it turns up. This CoinDesk video explores what happened in the halls of power when the first major corporation joined the crypto party.
Huawei CEO Calls on China to Create a Rival to Facebook’s Libra Crypto
Huawei’s CEO said: “Even China is able to issue such currencies, why wait for Libra?”
Coincheck-Owner Monex Group Moves to Join Facebook Libra
Monex Group, the Japanese financial services company that owns the Coincheck crypto exchange, has applied to join Facebook’s Libra project.
MIT Fellow Accuses Facebook of ‘Lifting’ His Ideas for Libra Cryptocurrency
MIT fellow Alex Lipton claims Facebook borrowed the guts of its Libra project from a paper he co-authored last year.
‘However Long It Takes’: Zuckerberg Vows to Win Over Regulators on Libra
Facebook’s CEO said it will spend “however long it takes” to get regulators on board before launching Libra.
People in US Trust Bitcoin More Than Facebook’s Libra: Report
Compared with bitcoin, people in the U.S. don’t trust Facebook’s anticipated new stablecoin Libra, according to a new survey.
Facebook Libra Backers Are Not Official Partners Yet, Says Visa CEO
While Facebook’s Libra project was said to have 28 founding partners when unveiled, that isn’t quite the case, says Visa CEO Alfred F. Kelly.
Facebook Libra Hasn’t Responded to Information Request: Swiss Watchdog
Facebook hasn’t responded to a request by Switzerland’s data privacy regulator for more details on Libra, despite the project being based in Geneva.
Congress Drew a Fine Line Between Libra and Crypto – That’s a First
Lawmakers at last week’s hearings took pains to distinguish Facebook’s Libra from the broader crypto space, showing a new maturity in their approach.
UK Lawmakers May Probe Facebook Libra Over Privacy, Fraud Concerns
A parliamentary committee worries about Facebook holding financial details on its potentially billions of Libra users.
US Treasury Secretary Mnunchin Says G7 in Agreement on Libra, Cryptocurrencies
“There was a clear agreement … that Libra in particular raises some very significant concerns, and cryptocurrencies more broadly,” said Mnuchin.
WATCH: ‘Mother of Blockchains’ Defends Facebook’s Choice of Controversial Swiss Foundation
Joshua Ashley Klayman Kuzar sees Libra as a turning point in the march to mass adoption. “Facebook didn’t come to congress,” she said. “Congress came to Facebook.”
Consumer Advocates Urge Libra Members to Quit Facebook’s Crypto Project
A coalition of consumer advocacy groups urged the Libra Association’s 28 member firms to quit the Facebook-led project.
WATCH: Former CFTC Advisor Sees ‘Mistrust’ as Libra’s Fatal Flaw
Scandal after scandal hasn’t done Facebook any favors, says former CTFC advisor Jeff Bandman.
WATCH: A FinTech Lawyer Breaks Down Libra’s Legality
Joel Telpner, chair of the Fintech and Blockchain Practice Group at Sullivan & Worcester LLP, sees Libra’s creation as setting a fascinating – and treacherous – precedent.
WATCH: Lukka CEO Believes in a Future Full of Corporate Tokens
Lukka CEO and investor Jake Benson sees Libra’s real value as a guinea pig that will allow regulators to test the limits of crypto.
Facebook Libra Risks to Financial Stability Demand ‘Highest’ Regulatory Standards, Says G7
The G7 group of nations has warned of the threat posed by stablecoins such as Facebook’s Libra and set out draft recommendations for regulation.
WATCH: Investor Nisa Amoils Expects Libra to Reduce Regulatory Risk
Nisa Amoils believes that Facebook’s Libra is a platform play.