Zuckerberg does damage control for Libra

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Facebook's CEO is the sole witness at today’s much-anticipated House Financial Services Committee hearing. He plans to tell House lawmakers he’s willing to delay the launch of Libra — originally slated for 2020 — to address policymakers' concerns

at Georgetown. There, he stressed Facebook’s role in giving people a voice; here, he’ll highlight Facebook’s role in giving people access to a bank account and, in turn, a shot at taking part in the global economy.but could through mobile phones if the right system existed,” Zuck plans to say. “Being shut out of the financial system has real consequences for people’s lives—and it’s often the most disadvantaged people who pay the highest price. … The current system is failing them.

, Facebook’s industry dominance — including how the proposed cryptocurrency will be affected by Facebook’s market power — is likely to come up at the Libra grilling.until regulatory concerns are addressed is already falling flat with some critics. “I have a hard time believing that concerns from regulators will be addressed anytime soon,” Democratic Sen.

the director of the FTC’s Bureau of Consumer Protection, Andrew Smith. “Under these circumstances, we will seek to hold app developers accountable for designing and marketing a dangerous product.”

 

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Garbage Book

Zuckerberg = destroying American democracy more each and every day. Why would any patriotic American support Facebook by continuing to use it? Not me.

realDonaldTrump this person needs to be grilled and stopped from corrupting the Financial and Political arena for everyone? Krypto Currency will be used to make ransoms of business IT more easier? And suppressing Conservative Free Speech destroys the fabric of society?

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GOP congressman: Libra hearing is 'American innovation on trial' by lawmakers who don't get it'Because they're a big company doing this type of innovation, you have American policymakers trying to pounce on them,' Rep. Patrick McHenry says of Facebook. He just got his Facebook lobbying check apparently. Lawmakers see anti-trust issues surrounding Zuckerberg, especially after Facebook's role in the 2016 election. Why do we need Libra Coin if we already have Square Cash? $SQ
Source: CNBC - 🏆 12. / 72 Read more »