Yesterday, David Marcus, the CEO of Facebook’s blockchain subsidiary Calibra, published a
post responding to commentary on the firm’s proposed cryptocurrency.
Libra was announced two weeks ago and has since seen intense discussion, both positive and negative.
While the Bank of England seemed to be
open-minded about the social media giant’s proposal for a new currency, the
Governor of the Bank of France was more skeptical. This week a director at the
U.K. Financial Conduct Authority warned that Libra must be taken seriously, as its impact could be significant. Meanwhile, A former policy advisor to the U.S. Senate Budget Committee, Matt Stoller, said that it is “
an absurd idea“.
Nothing, however, compares to Tuesday’s
scathing letter from the U.S. House of Representatives Committee on Financial Services, requesting a complete halt of Libra activity.
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