Mark Zuckerberg Is Taking a Huge Bullet for Crypto – But Why?

2019-7-3 19:11

  Facebook’s cryptocurrency Libra is a “rival” to US monetary policy and the dollar itself. That’s the view of Congress which has officially urged Mark Zuckerberg to cease development on its crypto project.

Zuckerberg will now go toe-to-toe with the US government and, in doing so, pave the way for cryptocurrency legislation across the board. […]

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After grilling Federal Reserve Chairman Jerome Powell on Capitol Hill about his agency’s response to Facebook's Libra "cryptocurrency," US Representative Maxine Waters finished her questioning by asking the central banker what he would do if Donald Trump “fired” him.