Tagged: brian schatz

Letters from US Lawmakers Regarding Facebook’s Libra May Have Spurned Last Week’s Walkout by Backers

Letters from US lawmakers to members of the Libra Association asking them to, “carefully consider how your companies will manage risks before proceeding,” as backers of a Facebook cryptocurrency called “Libra” may have spurned last week’s corporate exodus from the project. On Friday, October 11th, Visa,… Read More

US Treasury Secretary Mnuchin: Backers Left Facebook’s Libra Because Facebook’s Currency Project “Not Up to Par”

US Treasury Secretary Steve Mnuchin told Andrew Ross Sorkin at CNBC’s Squawk Box October 14th that initial backers of Facebook’s proposed in-app cryptocurrency project, Libra, probably realized the company was, “not ready….(and) not up to par” when they announced they were leaving the project in… Read More

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