Free cspan radio app. Earlier today facebooks david marcus testified before the Senate Banking committee to address concerns over the companys proposed Digital Currency. This is 2 hours and 20 minutes. This hearing will come to order. Today we will receive testimony from david marcus, head of libra at facebook. On may 9, senator brown and i sent a letter to facebook shortly after it was reported that the company was recruiting Financial Institutions and online merchants to help launch a cryptocurrency based Payment System using its social network. Our letter asked facebook for more information about how the system would work. Its access to and use of Consumer Financial information, and facebooks access to and use of information on individuals or groups of individuals in credit, insure, employment or housing. I appreciate facebooks response last week. Shortly after the letter was sent, facebook formally announce ds its intention to launch the Payment System libra and issued a white pape
Vests nonetheless says this economic plan of his is an opportunity of the century thats what he calls it for palestinians and the 1st step towards a political solution to the Israeli Palestinian conflict saudi arabia and the u. A. E. They both say that they will back the proposal by direct message to the Palestinian People is that despite with those who have let you down in the past tell you President Trump and america have not given up on you this workshop is for you the vision we developed and released if executed correctly will lead to a Better Future for the Palestinian People a future of dignity prosperity and opportunity you can change your course for the positive if we are willing to try new things and think outside of the traditional box. All right lets go live to gaza now our correspondent there is rob matheson and rob the people of. The occupied west bank as well but the people of gaza in particular seem to be enraged by this proposal of their 50000000000. 00 investment plan.
Shows like Stranger Things. Elon musk claims his new technology can redirect mind, announcing his latest startup has successfully implanting wires into brains and enabling a monkey to control the computer. The next goal, human trials. We begin with the hearings on capitol hill. Facebook, amazon, apple, google all appearing in washington to answer lawmaker questions on antitrust, social media, and cryptocurrency. The first to be raked over the coals, facebook, as the Senate Banking Committee Fired searing questions at the cocreator of the social networks cryptocurrency project. We will take the time to get this right. Wouldnt it be easier and safer if people could securely receive money transfers through their smartphones, just like they do for so many other things . Thats what libra was about. Emily virginia democratic senator mark warner grilled the libra chief on tuesday. We caught up with him after the hearing. I think Blockchain Technology, even the possibly of cryptocurrencies, ha
Startup nuero link, successfully implanting wires into brains and enabling a monkey to control the computer. The next goal is human trials. We begin with the hearings on capitol hill. All appearing in washington to answer lawmaker questions on antitrust, social media, and cryptocurrency. The first was facebook as the Banking Committee fired searing questions at the cocreator of he cryptocurrency project. We will take the time to get this right. Wouldnt it be easier and safer if people could securely receive money transfers, just like they do for so many other things . Emily the chief was grilled on tuesday. We caught up with the senator after the hearing. I think Blockchain Technology, even the possibly of cryptocurrencies, it has some positive upside, but i think we have to be careful. Particularly when we are talking but the possibility that facebook might dominate this otherwise very disruptive technology. Facebook already has 2 billion users. It has all of these advantages. We have
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