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Libra concerns on the Hill have turned more ‘Facebook’ than ‘crypto’

by Aislinn Keely

September 11, 2019, 6:11PM EDT  ·  4 min read

Quick Take

  • Now that Congress is back in session, conversations surrounding Facebook’s Libra can resume
  • However, lawmakers and policymakers say much of the conversation is focused on Facebook’s governance rather than its use of blockchain
  • No official hearings or actions directly related to Libra are on the horizon for now

by Aislinn Keely

September 11, 2019, 6:11PM EDT  ·  4 min read

U.S. lawmakers took their customary August break in the wake of July’s Libra hearings, which saw Facebook blockchain lead David Marcus face a barrage of questions on a variety of fronts. Now, Congress is back in session, the question of a Facebook cryptocurrency is still on the table, but concerns have shifted from the “crypto” aspect of things to concerns of Facebook’s role as its creator and the ramifications for big tech in America.