senate

Circle CEO to Testify in Senate Hearing on Digital Currencies and Blockchain
July 30th, 2019

The Senate Banking Committee will hear arguments from Circle CEO and Co-founder, Jeremy Allaire on the digital currencies and the blockchain industry. Allaire hopes that a new regulatory framework will be adopted for the sector.

JP Morgan’s Jamie Dimon Believes Libra Is Not a Short-Term Concern
July 18th, 2019

In recent news, Jamie Dimon from JP Morgan has said that he believes Facebook’s Libra isn’t a short-term concern of an impact on the traditional banks.

Maxine Waters Now Calls for Zuckerberg to Testify About Libra
July 18th, 2019

Rep. Maxine Waters said she’s planning to call in Facebook CEO Mark Zuckerberg to testify about his company’s new digital currency project Libra. She added that her staff has not made the formal request with Facebook yet, but they plan to do so.

Bitcoin Gets a Skip at U.S. Senate Hearing on Facebook Libra, BTC Price Dives Below $10K
July 17th, 2019

Receiving no attention at the senate hearing on Tuesday, Bitcoin price tanked over 10% on Tuesday. There’s little to no positive response from the US lawmakers for Facebook’s Libra which has created an overall negative sentiment around Bitcoin as well.

The Game of Governments: Crypto (and Libra) Is Here to Stay
July 17th, 2019

Most of the commentators of yesterday’s David Marcus’s hearing agree that Libra is here to stay. The fact that it has been one of the most important discussions on the state level – says that cryptocurrencies are indeed becoming part of everyday life.

Facebook to the U.S. Lawmakers: Libra Will Work With Policymakers and Respect Privacy
July 10th, 2019

Facebook blockchain lead David Marcus sent a letter to U.S. lawmakers in which he addressed multiple questions asked by the government. Facebook says it will respect consumer privacy and is willing to work together with regulators.

Tens of US Watchdogs Ask Congress to Halt Facebook’s Libra Development Until the Hearing
July 3rd, 2019

In another attack on the Libra developments, 33 lawmakers have requested Congress to ask Facebook to stop further development on Libra before they answer all their concerns and questions.

US Congress Calls For Second Hearing on Facebook’s Libra in July
June 25th, 2019

The chairwoman of the House Financial Services Committee Maxine Waters announced that the panel will hold the second hearing next month on Facebook’s plan to develop a cryptocurrency-based payments platform Libra.

France Makes G7 Crypto Task Force to Examine Facebook’s Libra
June 21st, 2019

France decided to create a G7 taskforce in order to examine the ways how central banks can regulate Facebook’s Libra.

Facebook’s Cryptocurrency Libra May Not Be Launched in India
June 20th, 2019

Facebook’s awaited cryptocurrency Libra may not be launched in India, as the country’s current regulations do not permit cryptocurrency transactions.