Senate panel schedules a hearing on Fb’s cryptocurrency – Engadget

Senate panel schedules a hearing on Fb’s cryptocurrency – Engadget

It did now not even utilize forty eight hours after Fb offered its cryptocurrency method for the authorities to raise an eyebrow. Residence Monetary Companies and products Committee Chairwoman Maxine Waters called for Fb to crash style, and now the Senate Committee on Banking, Housing and Urban Affairs has scheduled a hearing to quilt every Libra/Calibra and privateness disorders.

The committee did no longer list the names of witnesses it plans to call, however Reuters reports that Fb’s blockchain exec David Marcus is predicted to testify. Will it is miles a precious exercise that finds more knowledge about the concept and digs up purposeful knowledge about how Fb will situation up the knowledge generated or will it is one other embarassing episode of political grandstanding? We’ll salvage out on July sixteenth at 10 AM ET.

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June 20, 2019

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