[gavel] this meeting will come to order. 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 shortly after it was reported that company was recruiting Financial Institutions and online merchants to launch a cryptocurrency based Payment System using a social network. We asked space bar for more information how the system would work, access and use of Consumer Financial information and facebooks access to use of information on individuals or group of individuals for credit or insurance or housing i appreciate facebooks response last week. Shortly after the letter was sent facebook formally announced its intention to launch the Payment System libra and issued a white paper providing information on the project. Since then us and Global Regulators have taken notice including the Federal Reserve, reserve, Uk Financial Conduct Authority and a stability board, g7 and others for the last week during the Fede
Thank you. Hello everyone and welcome to the white house. I know that many of you traveled to be part of this moment and have taken time away from your family and other necessary work. We are grateful to all of you for giving us a little more about time this morning. Giving us a little more of that time this morning now that yesterdays storm has passed. [applause] i am telling you, it was so quiet here at the white house last night. They sent everybody home. There was no secret service. Just kidding. [laughter] so i want to thank you, all of you, for being here. Our purpose today is powerful. I want to thank you for your commitment to this cause. As some of you probably know, probably everybody here knows it, i teach at a Community College not far from here. And right now, educators are in the final weeks of those, you know, where the teachers putting the finishing touches on their lesson plans. I know i am, i have my first article ready to go. The linoleum floors as you all walk into
Year. This is about 45 minutes. [applause] dr. Biden thank you. Please be seated, thank you. Hello everyone and welcome to the white house. I know that many of you traveled to be a part of this moment and havent taken time away from your and have taken time away from your family and other necessary work, so we are grateful to all of you for giving us a little more of that time this morning now that yesterdays storm has passed. [applause] i am telling you, it was so quiet here at the white house last night. They sent everybody home. There was no secret service. Just kidding. [laughter] so i want to thank you, all of you, for being here. Our purpose today is powerful. I want to thank you for your commitment to this cause. As some of you probably know, probably everybody here knows it, i teach at a Community College not far from here. And right now, educators are in the final weeks of those, you know, where the teachers putting the finishing touches on their lesson plans. I know i am, i h
[applause] thank you. Hello, everyone and welcome to the white house. I know many of you travel to be a part of this moment and have taken time away from your family and necessary wear. So we are grateful to you for giving us a little more of that time this morning. Now that yesterdays storm has passed. Im telling you, it was so quiet here at the white house last night because they sent everybody home, there was no secret service. Service. Just kidding. [laughter] so i want to thank you, all of you, for being here. Our purpose today is powerful. I want to thank you for your commitment to this cause. As some of you probably know, probably everybody here knows it, i teach at a Community College not far from here. And right now, educators are in the final weeks of those, you know, where the teachers putting the finishing touches on their lesson plans. I know i am, i have my first article ready to go. The linoleum floors as you all walk into the school you know , they are just waxed. They
Next, first lady jill biden, education secretary duncan ricardo and her, and Homeland Security secretary alexander mayorkas. The summit was hosted at the white house, established following a cyberattack on the Los Angeles School district last year. This is about 45 minutes. [applause] dr. Biden thank you. Please be seated, thank you. Hello everyone and welcome to the white house. I know that many of you traveled to be a part of this moment and havent taken time away from your and have taken time away from your family and other necessary work, so we are grateful to all of you for giving us a little more of that time this morning now that yesterdays storm has passed. [applause] i am telling you, it was so quiet here at the white house last night. They sent everybody home. There was no secret service. Just kidding. [laughter] so i want to thank you, all of you, for being here. Our purpose today is powerful. I want to thank you for your commitment to this cause. As some of you probably kno