Cryptocurrency
Zuckerberg: Facebook Would Quit Libra if the Association Launched Prematurely
Reported by CoinDesk, “Facebook CEO Mark Zuckerberg told lawmakers that the company would pull out of the Libra Association in the event the consortium launched its proposed cryptocurrency without all needed regulatory approvals. “In a hearing of the House Financial Services Committee Wednesday, Zuckerberg fielded pointed questions on a variety of controversial issues around the […]
Reported by CoinDesk, “Facebook CEO Mark Zuckerberg told lawmakers that the company would pull out of the Libra Association in the event the consortium launched its proposed cryptocurrency without all needed regulatory approvals.
“In a hearing of the House Financial Services Committee Wednesday, Zuckerberg fielded pointed questions on a variety of controversial issues around the social network, from election meddling to housing discrimination to deepfakes. But Libra, the proposed price-stable cryptocurrency Facebook conceived and set up the association to run, was the foremost item on the agenda
“And many of the CEO’s answers to lawmakers’ questions underscored Facebook’s official position is that it no longer controls the project.”
Track the current price of Bitcoin, Ethereum, Ripple and altcoins here.