Zuckerberg to Tell Congress: Libra Can Fix 'Failing' Financial System
Facebook's CEO released his written testimony a day before his scheduled appearance before the U.S. House of Representatives.
US Lawmaker Introduces Bill Classifying Stablecoins as Securities
A draft bill published Tuesday would regulate stablecoins under the Securities Act of 1933.
Facebook Risks Banking Ties Over Libra Concerns, Says ING Exec
ING CEO Ralph Hamers said Libra could make it difficult for banks to accept or keep the project's creator as a client.
Facebook's Marcus Says China Wins With Digital Renminbi if US Nixes Libra
David Marcus, who leads the Libra project, said China will create a digital currency system that could be entirely out of reach for U.S. authorities.
Libra Could Drop 'Basket' and Issue Individual Fiat Stablecoins
Under pressure from regulators, the Libra project may consider a fundamental change to the way its planned crypto payments system will operate.
Facebook’s Libra Just Got Its First Major Supporter in Congress
Bucking a trend, Sen. Mike Rounds (R-S.D.) wrote a letter praising Libra as a technological advance that he feels is needed.
France's Le Maire Attacks Facebook's 'Political' Ambitions With Libra
The French finance minister has said Libra is an "unacceptable" challenge to state sovereignty and suggested political motives behind the project.
Fed Governor Brainard Identifies Libra Threat, Says Regulatory Hurdles Abound
Federal Reserve governor Lael Brainard delivered a sharp critique of Libra, which would need to resolve many regulatory hurdles before going live.
Libra Plays Down Troubles, Anticipates 100 Members by Launch
The Libra Association has said the project is undeterred by recent setbacks and expects to sign up 100 partners before it goes live.
