'Facebook is dangerous:' Senators grill Facebook's David Marcus over Libra in 2-hour hearing

Quick Take

  • Facebook’s blockchain lead, David Marcus, went before the U.S. Senate to answer questions on Facebook’s coming crypto, Libra
  • Senators addressed ongoing concerns tied to Facebook, including a lack of trust in the company’s word and the fallout from privacy scandals
  • Marcus will be back before lawmakers tomorrow to answer questions in the U.S. House of Representatives
Facebook’s David Marcus faced a cacophony of fear, uncertainty and doubt surrounding the social media giant’s plan to launch its digital currency Libra during a Senate hearing Tuesday, following criticisms from a wide range of regulators and lawmakers around the globe.  Ohio U.S. Sen. Sherrod Brown set a fiery tone at the beginning of the […]

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