Accompanying regulations, members are required to leave the camera on the entire time they are in an official proceeding. Even if a step away from the camera. While roll call is unnecessary to establish a quorum and official proceedings conducted remotely, whenever there is an official proceeding with remote participation, the clerk will call the roll to make clear who is present at the start of the preceding. At this time i ask the clerk to call the roll. [roll call] [roll call] [roll call] [roll call] [roll call] [roll call] chairwoman, this concludes the roll call. Thank you very much. Pursuant to Committee Role 7c, Opening Statements are limited to the chair and the Ranking Member. This allows us to hear from our witnesses sooner and provides all members with adequate time to ask questions. I recognize myself do for the purpose of making and opening statement. Today, as we know were examining how the covid19 pandemic is straining our Higher Education system and discussing what Cong
Called for a lot of spots. This is us one of our not so foggy areas it is actually nice and clear out their desks epo and on such a busy travel day that is something you want to see weve been delay free throughout the morning as far as weather related delays go out of any of our airports so you are good to go. Out of our local airports now we dont see those clear skies across some of our areas a san jose on up through the tri valley and eventually up to concord youre still in the process of senior fog burning off and lifting visibility has improved in these areas, but if youre heading through hilly spots watch out for low visibility. Now later today, its all about the sunshine is the bay area remains dry and sunny if youre heading south to the grapevine are up into the sierra watch some slick spots as these area saw some snowfall overnight. So redwood city youre still in the 30s at 38 degrees livermore youre at 39 right now else where we have seen some 40s returning oakland, a big jump
We will be active in payments services, congresswoman, and enable all of these people who dont have access modern Payment Systems to move their money around and have access to World Economy and will be in the payments business, as far as colibra wallet. Let in ask you another question on governance. In your open statement you said it would nothing be overpowered by facebook because you would only have one vote. So, in the world of banking, because in my mind its still banking, were dealing with a lot of banks who merged so lets sea with your one vote you would buy stripe or you would buy spotify. Would that now just give you the one vote or guff you more control . Because we know these things merge and get bought out all the time. So if you bought to the things would that give you more power. It would not, congresswoman, because in the way that the governance is currently structured no one entity can have more than one voice or one percent of the vote. So let me go to someone asked bit
Facebook has announced plans for a new Digital Currency, called libra. David marcus testified for the House Financial Services committee. The committee will come to order. The chair is often recess of the committee at any time. This is entitled based proposed crypto currency an impact on consumers, investors, and the American Financial system. I will now give an Opening Statement for five minutes. Today we are here for a hearing on its books proposed Digital Currency, libra, and digital wallet, and the impact on consumers, investors, and the Financial System. David marcus, following his testimony, a panel of experts will share their views on this book plans, is there are serious concerns about the creation of a Digital Currency and digital wallet to expand its reach, like mastercard, paypal, visa, uber reggie lyft rideshare, and specify. Is trying to create a new global fund to rival the us dollar this venture is slated to be based in switzerland, which has a history of creating a have
Investors, and the American Financial system. I will now give an Opening Statement for five minutes. Today we are here for a hearing on its books proposed Digital Currency, libra, and digital wallet, and the impact on consumers, investors, and the Financial System. David marcus, following his testimony, a panel of experts will share their views on this book plans, is there are serious concerns about the creation of a Digital Currency and digital wallet to expand its reach, like mastercard, paypal, visa, uber reggie lyft rideshare, and specify. Is trying to create a new global fund to rival the us dollar this venture is slated to be based in switzerland, which has a history of creating a haven for criminals and shady corporations. This plan includes serious privacy training, and monitoring of policy concerns. With 2 billion users, will have immediate access to these products, but also from consumers, festers, and the global economy. In addition, facebook has proposed government guarante