American Banking Giants Sound Off Against Libra as Monetary Threat
Execs from some of the biggest U.S. banks reportedly told the Federal Reserve that Facebook’s Libra would pose a threat to monetary policies.
The challenger bank reportedly has plans to offer its crypto buying service to US customers in the near future.
The two Fairfax County, Virginia, pension funds invested only 0.5 percent in crypto and blockchain last year.
The U.S. House passed two provisions introduced by Rep. Darren Soto of Florida.
Facebook's Mark Zuckerberg will be testifying before lawmakers on Libra and more later today. Watch the livestream here.
Facebook CEO Mark Zuckerberg is facing pressure to testify before U.S. lawmakers on the firm's cryptocurrency project Libra.