"On June 18, 2019, Facebook announced that, with 28 other members, it had founded the Libra
Association, which planned to launch a new cryptocurrency, called Libra. The association released a
white paper that outlined the characteristics of Libra and described its goal of creating a cryptocurrency
that would overcome some of the challenges faced by other cryptocurrencies and deliver the possible
benefits of the technology on a large scale.
President Trump and Treasury Secretary Mnuchin raised concerns about the Libra project, as did several
Members of Congress during Senate Banking Committee and House Financial Services hearings,
although some Members were more welcoming of efforts to advance financial innovation. The House
Financial Services Committee majority has drafted legislation that would effectively block the Libra
project..."
Libra and Cryptocurrency
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment