U.S. Lawmakers Grill Facebook Exec Over Libra’s Threat to Privacy

Yesterday, the U.S. House Financial Services Committee has grilled Facebook executive David Marcus on the social media giant’s Libra crypto project.

The lawmakers also interviewed a panel of expert witnesses, including bitcoin doyenne Meltem Demirors and former CFTC chairman Gary Gensler.

The session started at 14:00 UTC (10 a.m. EST).

The Senate Banking Committee hearing hardly mentioned bitcoin and Marcus stated he’d be glad to receive 100 percent remuneration in Libra.