Libra


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

Regulate Stablecoins – Don't Squash Them

Regulators should offer a path for stablecoins to exist alongside current financial systems, writes a fellow at Harvard's Berkman Klein Center.

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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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Markets

US Lawmaker Introduces Bill Classifying Stablecoins as Securities

A draft bill published Tuesday would regulate stablecoins under the Securities Act of 1933.

U.S. Capitol Building

Markets

Facebook Risks Banking Ties Over Libra Concerns, Says ING Exec

ING CEO Ralph Hamers said Libra could make it difficult for banks to accept or keep the project's creator as a client.

Credit: Shutterstock

Markets

Facebook's Marcus Says China Wins With Digital Renminbi if US Nixes Libra

David Marcus, who leads the Libra project, said China will create a digital currency system that could be entirely out of reach for U.S. authorities.

Facebook's David Marcus at a Senate banking hearing in July, 2019

Markets

Libra Could Drop 'Basket' and Issue Individual Fiat Stablecoins

Under pressure from regulators, the Libra project may consider a fundamental change to the way its planned crypto payments system will operate.

David Marcus is the co-creator of the Facebook-backed libra stablecoin. (CoinDesk archives)