2023-8-12 19:16 |
Like Facebook's ill-fated Libra project, PYUSD is getting some pushback in Washington D.C. But its prospects seem more promising, says Michael J. Casey. origin »
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Steven Mnuchin, the US Treasury Secretary said that he and Jerome Powell, the Federal Reserve Chairman, think the US doesn’t need to create a digital currency soon. This is what Mnuchin declared on Thursday, at a Washington House Financial Services Committee hearing: “Chair Powell and I have discussed this — we both agree that in […]
2019-12-6 17:59 | |
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Finally, after four months of Facebook unveiling its payments move to disrupt the world economy as we know it, CEO Mark Zuckerberg stepped into the ring. Libra was the centre of attention in Washington D.
2019-10-24 16:30 | |
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Despite the regulatory pressure and seven of the Libra Association members leaving Facebook’s cryptocurrency project, the social media giant is undeterred and could work on cryptocurrencies based on national currencies like the dollar instead of just the synthetic one, initially proposed.
2019-10-21 15:37 | |
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David Marcus spoke to a group of established bankers in Washington this week, and he once again highlighted Facebook’s desire to launch the stablecoin as per regulatory demands. Marcus suggested that the core model of Libra can be changed if governments are unhappy with the current Libra prototype.
2019-10-21 13:00 | |
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Over the past few months, the confluence of payments and the global economy has never been clearer. With Libra sending tremors from Washington D. C. to Paris, and China unveiling its plan to launch a digital yuan, ill-prepared lawmakers are feeling the brunt of not paying enough attention to the growing digital payments industry.
2019-10-16 09:43 | |
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Facebook’s ‘cryptocurrency’ Libra is reportedly on the verge of losing another one of its partners after Paypal pulled out of a key meeting in Washington on Thursday. According to the Financial Times, all 28 supporters of Facebook’s digital currency project were set to meet and discuss the ways in which Libra could overcome scrutiny from regulators.
2019-10-4 11:10 | |
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Standby! Your [capital] flight to Switzerland could be delayed yet again, due to an overextended layover in Washington! Libra is feeling what it’s like to be a fully-fledged member of the cryptocurrency world.
2019-9-28 15:00 | |
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Can Zuckerberg’s personal appeals win favor in Washington? “Personal visits absolutely help enhance policies and regulatory decisions,” says Chamber of Digital Commerce policy chief
2019-9-28 16:23 | |
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Facebook’s CEO Mark Zuckerberg held a meeting on Wednesday with about six US lawmakers over a dinner in Washington, Washington Post reports. The dinner meeting primarily focused on Facebook’s Libra crypto project.
2019-9-20 23:48 | |
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Facebook has hired another lobbyist to present the case for Libra to Washington, in a bid to save the project from regulatory hurdles.
2019-8-27 15:22 | |
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Facebook‘s “cryptocurrency” Libra is facing an ever growing mountain of regulatory challenges. It seems it needs a helping hand, as it’s hired a specialist firm to lobby Washington directly. According to registration documents filed earlier this week, Facebook will be represented by Washington, DC-based FS Vector LLC, a firm that specializes in regulatory compliance and public policy.
2019-8-27 14:31 | |
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From Silicon Valley to Washington, DC, Facebook's Libra is causing concern everywhere it turns up. This CoinDesk video explores what happened in the halls of power when the first major corporation joined the crypto party.
2019-7-29 19:00 | |
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It’s not only regulators that are hampering Facebook’s crypto party. Now, somewhat ironically, the social media giant is dealing with Facebook Libra impersonators as well. Fake Facebook Libra Ads Surge As if Zuckerberg and his team didn’t have enough to contend with as governments around the world scramble to halt the project.
2019-7-24 17:00 | |
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Online criminals are impersonating as the representative of Facebook to lure victims into buying the social media platform’s yet-to-release cryptocurrency, Libra. According to the Washington Post, scammers lately ran ads through a dozen on fake accounts, pages, and groups across Facebook and Instagram, presenting themselves as the official hubs of Libra.
2019-7-24 15:00 | |
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All eyes will be on Washington D. C. once again. The cryptocurrency industry, from a regulatory standpoint, will be divided into two phases of history; one before Libra and the other after. Since Libra was unveiled in mid-June, regulators the world over have not let up.
2019-7-24 14:00 | |
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Мошенники создали в социальных сетях больше десятка фейковых аккаунтов и групп по продаже токенов криптовалюты Libra. Такие аккаунты, позиционирующие себя как «официальные центры продажи криптовалюты», появились в Facebook и Instagram.
2019-7-23 16:43 | |
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Мошенники создали в социальных сетях больше десятка фейковых аккаунтов и групп по продаже токенов криптовалюты Libra. Такие аккаунты, позиционирующие себя как «официальные центры продажи криптовалюты», появились в Facebook и Instagram.
2019-7-23 15:50 | |
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It’s barely been a month since Facebook unleashed its cryptocurrency Libra into the wild and published its whitepaper. But already, the social media giant has been forced to address a growing number of fake communications associated to its digital asset.
2019-7-23 14:44 | |
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Numerous fake accounts, groups, and pages operated by fraudsters have swamped Facebook and Instagram to mispresent themselves as the official hubs for the social media giant’s upcoming Libra crypto, the Washington Post reported today.
2019-7-23 14:03 | |
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Libra seems to be the new cuss word in Washington D. C. After unveiling Libra and setting up the association to oversee its governance in Switzerland, Facebook probably thought they’d be taking more flights across the Atlantic.
2019-7-17 08:30 | |
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Libra’s regulatory mess is only getting started. In the past week, United States’ Federal Reserve Chair, Treasury Secretary and even the President have come out in vocal opposition to Libra.
2019-7-16 16:30 | |
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Bitcoin is playing hide-and-seek with the Libra bears. For weeks on end, Libra has been the talk of the town, with Bitcoin getting little mention, but large effect. Despite being a Californian product, all news about Facebook’s cryptocurrency project seems to be emanating from Washington D.
2019-7-16 13:00 | |
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With Facebook set to meet with the Senate on Tuesday and the House on Wednesday, Washington insiders report that lawmakers will be interested in Libra's classification as a possible exchange-traded fund, what Facebook will do to ensure user privacy, and what the Swiss headquarters of the Libra Association will mean for US oversight of the project.
2019-7-16 18:45 | |
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It has been a long and exhausting week for Facebook’s Libra cryptocurrency after the imminent crypto asset ended up on the wrong side of most prominent people. Just this week, the social media-backed virtual currency received criticism from the Chairman of the Fed Reserve, Jerome Powell, and soon after, the President of the United States, […] The post Libra all set for a crucial week, as CEO of Calibra awaits hearing in Washington appeared first on AMBCrypto.
2019-7-14 19:00 | |
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Facebook’s Libra plan has once more been criticized. This time, however, the complaints do not come from the crypto community, which is fairly negative on the whole project, but from the government of the United States.
2019-7-3 00:55 | |
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U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler reiterated his stance that bitcoin is "not a security" but doubled down on his stated position that regulatory clarity exists for the crypto space in an interview with CNBC on Thursday.
Two of the leading U.S. lawmakers seeking crypto oversight legislation, Rep. Patrick McHenry (R-N.C.) and Sen. Cynthia Lummis (R-Wyo.), are maintaining their position that a chance remains for a bill to clear Congress before the year is out.
Another crypto fan is likely to arrive in Congress next year, with Yassamin Ansari winning her Democratic primary race in Arizona by a scant 39 votes, a result confirmed Tuesday after an automatic recount.
Another crypto fan is likely to arrive in Congress next year, with Yassamin Ansari winning her Democratic primary race in Arizona by a scant 39 votes, a result confirmed Tuesday after an automatic recount.
The crypto industry has – with the addition of another $25 million from Coinbase Inc. on Monday – amassed one of the largest stockpiles of campaign cash in U.S. politics.
In a rare lobbying overlap with crypto world, Wall Street banks and members of Congress are asking President Joe Biden to reverse course on his vow to veto the U. S. congressional resolution to overturn the U.
While many in the industry cheered the passing of the Financial Innovation and Technology for the 21st Century Act yesterday, many other raised criticisms and concerns.