• Rep. Alexandria Ocasio-Cortez (D-NY) questioning Facebook's David Marcus on Libra before the House Financial Services Committee, July 17, 2019 (via C-SPAN).
    Rep. Alexandria Ocasio-Cortez (D-NY) questioning Facebook's David Marcus on Libra before the House Financial Services Committee, July 17, 2019 (via C-SPAN).
    Libra,  United States

    News analysis: Less-hostile House politicizes Facebook Libra debate

    Facing questions about speed and power, David Marcus refused to make promises about the cryptocurrency

    July 18, 2019 /

    Facebook’s David Marcus got a warmer reception from the House yesterday than he did in the Senate on Tuesday. Not that it was friendly, but the questions focused more on the power Facebook would gain from its Libra cryptocurrency, and getting Marcus to commit to working at the pace of Washington, D.C., not Silicon Valley.

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  • U.S. Senator Sherrod Brown (D-OH). Caricature by DonkeyHotey (Flickr.com/photos/DonkeyHotey)
    U.S. Senator Sherrod Brown (D-OH). Caricature by DonkeyHotey (Flickr.com/photos/DonkeyHotey)
    Libra,  United States

    Sen. Sherrod Brown leads attack on Facebook’s David Marcus during Libra hearing

    The Ohio Democrat led a senatorial gang-up on the social media executive during his testimony before the Senate Banking Committee

    July 17, 2019 /

    Facebook is in for a rough ride with its Libra cryptocurrency project. If that wasn’t clear from the president’s anti-cryptocurrency Tweets last week and Treasury Secretary’s comments on Monday that they are “a national security issue,” it was very obvious after the Facebook executive spearheading its Libra payment system was treated like a bipartisan punching bag in a hearing before the U.S. Senate Banking Committee on July 16.

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  • President Donald Trump and Rep. Maxine Waters (D-CA) agree on their dislike of the Facebook-backed Libra cryptocurrency (Photo composite from images by Gage Skidmore of Peoria, AZ, and the U.S. Congress)
    President Donald Trump and Rep. Maxine Waters (D-CA) agree on their dislike of the Facebook-backed Libra cryptocurrency (Photo composite from images by Gage Skidmore of Peoria, AZ, and the U.S. Congress)
    Bitcoin,  Libra,  United States

    President Trump slams Bitcoin, piles on Facebook’s Libra

    Donald Trump and Rep. Maxine Waters actually agree on something: Facebook’s cryptocurrency is a bad idea

    July 11, 2019 /

    Facebook is so powerful it can even make President Donald Trump agree with Rep. Maxine Waters, the liberal House Democrat from California’s 43rd district, near Los Angeles.

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  • Nobel laureate and Columbia University professor of economics, Joseph E. Stiglitz (photo via Columbia University).
    Nobel laureate and Columbia University professor of economics, Joseph E. Stiglitz (photo via Columbia University).
    Libra

    ‘Suckers are born every minute’: Economist Joseph Stiglitz takes on Facebook’s David Marcus over Libra

    The head of Facebook’s new cryptocurrency project fires back at the Nobel laureate’s declaration that only a fool would trust it

    July 5, 2019 /

    Earlier this week, a Nobel Prize-winning economist squared off with a Facebook executive over whether the social media giant could be trusted to create a cryptocurrency.

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