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Policy

Libra Lacks Clarity on 'Opaque' Currency Basket, Says Fed Reserve Governor

Federal Reserve governor Lael Brainard has warned that the Facebook-led Libra project faces stiff regulatory challenges and that there's a question mark over one of its core concepts.

Credit: Shutterstock

Policy

Mnuchin 'Fine' With Libra Launch, But Crypto Project Must 'Fully' Comply With AML Rules

Steven Mnuchin, secretary of the U.S. Treasury, has no issue with the launch of the Facebook-led Libra project – as long as financial rules are followed to the letter.

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Markets

European Union to Regulate Stablecoins, Not Issue Its Own: Source

Contrary to earlier reports, a source tells CoinDesk the EU isn't looking to issue its own digital currency in response to Libra.

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Markets

Libra Won't Spread as Quickly as Facebook, Says Calibra Exec

Libra won't necessarily mimic Facebook's historic rise, said Calibra executive Kevin Weil.

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Markets

'Hell No': Jack Dorsey Says Twitter Won't Be Joining Libra Association

The private Libra project is not in line with what Dorsey wants Twitter to stand for, the CEO (and bitcoin supporter) said.

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Markets

Zuckerberg: Facebook Would Quit Libra if the Association Launched Prematurely

Facebook's CEO told lawmakers the company would pull out of the Libra Association if the consortium launched its cryptocurrency without regulatory approvals.

Rep. Brad Sherman (D-Calif.) created a "Zuck Buck" graphic to describe his view of Libra. (House Financial Services Committee)

Markets

How to Watch Mark Zuckerberg's Grilling in Congress Today

Facebook's Mark Zuckerberg will be testifying before lawmakers on Libra and more later today. Watch the livestream here.

(Image via Shutterstock)

Markets

US Treasury to Monitor Libra Over Possible Financial Risks

The Treasury Department has committed to monitoring the Facebook-led cryptocurrency project Libra alongside regulatory efforts by Congress.

Treasury

Markets

What to Expect When Facebook's Zuckerberg Defends Libra on Capitol Hill

Here's what you need to know before Mark Zuckerberg testifies in front of the House Financial Services Committee on Libra.

Facebook CEO Mark Zuckerberg (Credit: Aaron-Schwartz / Shutterstock)

Markets

Zuckerberg to Tell Congress: Libra Can Fix 'Failing' Financial System

Facebook's CEO released his written testimony a day before his scheduled appearance before the U.S. House of Representatives.

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