- QAnon-touting congressman sneaks ‘Epstein Didn’t Kill Himself’ into tweets Wednesday 7:12 PM
- Ocasio-Cortez met a famous drag queen–and the right melted down Wednesday 6:09 PM
- Woman says Lyft driver tried to kidnap her Wednesday 5:18 PM
- Debunking the right-wing conspiracy theories from today’s impeachment hearing Wednesday 4:29 PM
- Maroon 5 approves of the latest TikTok trend Wednesday 3:54 PM
- ‘One month left in the decade’ meme wants to know what you’ve accomplished Wednesday 3:53 PM
- Facebook Pay is the latest way to send your friends money Wednesday 3:31 PM
- Diving into ‘The Mandalorian’s first big shocker Wednesday 3:17 PM
- Disney+ will allow password sharing—to an extent Wednesday 1:12 PM
- Black server says manager refused to discipline coworkers who sent racist receipt Wednesday 12:47 PM
- Who is Jonah Hauer-King, Disney’s new Prince Eric? Wednesday 12:47 PM
- Cut Katherine Langford ‘Avengers: Endgame’ scene lands on Disney+ Wednesday 12:22 PM
- Planned Parenthood app to show abortion-seeking users their nearest options Wednesday 12:21 PM
- ‘The Imagineering Story’ offers touching insight into Walt Disney’s vision Wednesday 11:57 AM
- YouTube mom who was charged with child abuse dead at 48 Wednesday 11:39 AM
A representative from Facebook heading its Libra cryptocurrency project sent letters to committees in both the House of Representatives and the Senate who have been critical of implementation, according to reports.
Earlier this month, members of the House Financial Services Committee sent a letter to Facebook executives asking for the company to “immediately agree to a moratorium” on Libra and its Calibra digital wallet. Similarly, members of the Senate Committee on Banking, Housing and Urban Affairs also sent a letter to the company asking for more information.
Both committees have scheduled hearings on Facebook’s Libra and Calibra project.
“I want to give you my personal assurance that we are committed to taking the time to do this right,” Marcus wrote, according to the news outlet.
Meanwhile, CNBC notes that Marcus also responded to the letter sent by the Senate Banking Committee.
“We understand that big ideas take time, that policymakers and others are raising important questions, and that we can’t do this alone,” the Facebook executive wrote, according to the news outlet. “We want, and need, governments, central banks, regulators, non-profits, and other stakeholders at the table and value all of the feedback we have received.”
- House Democrats ask Facebook to halt Libra cryptocurrency project
- The astrological implications of Facebook naming its cryptocurrency ‘Libra’
- Facebook used secret tools to monitor memes about the company
Got five minutes? We’d love to hear from you. Help shape our journalism and be entered to win an Amazon gift card by filling out our 2019 reader survey.
Andrew Wyrich is a politics staff writer for the Daily Dot, covering the intersection of politics and the internet. Andrew has written for USA Today, NorthJersey.com, and other newspapers and websites. His work has been recognized by the Society of the Silurians, Investigative Reporters & Editors (IRE), and the Society of Professional Journalists (SPJ).