The US Needs A Digital Dollar To Maintain Its Financial Values,...

6m
zycrypto

The Last Time This Trend Occurred, Bitcoin Rallied To $20,000. It’s Back Again

7m
zycrypto

Don’t ignore what is going on with Ethereum, analyst says as stablecoins erupt

12m
cryptoslate

This financial analyst expects a “very bullish” Bitcoin price in June for 4 key reasons

13m
cryptoslate

Seasoned vs. New Remote Workers |

25m
cryptonewmedia

The Big Four Are Gearing Up to Become Crypto and Blockchain Auditors

25m
cryptonewmedia

IMF Official Wants Private Companies and Central Banks to Jointly Promote Digital Currencies

31m
coinidol

Coinbase to Retroactively Airdrop OmiseGo Tokens to Ethereum Holders

37m
beincrypto

ViaBTC Group Announces Strategic Upgrade to Advance Innovation and Improve Customer Experience

1h
thebitcoinnews

Slack (WORK) Stock Jumped 7%, Price Target Raised to $37 from $32

1h
cryptonewmedia

This Crypto Use Case Has Never Been as “Underrated” Due to Twitter and Trump

1h
newsbtc

Coinbase acquire Tagomi in new announcement

1h
cryptodaily

Innovative Staking Introduced By Tachyon(IPX)

1h
bitcoinist

Kazakhstan to Promote Cryptocurrency Mining Institutionalization Bill

1h
coinidol

PPP changes pass House as small businesses hit first loan deadlines |

2h
cryptonewmedia

Bitcoin Google Interest Mimics $10K Price Run as ‘Halving Hype’ Fades

2h
cryptonewmedia

ASIC Repair Technician Certification Coming to the US

2h
cryptonewmedia

China Adds Cryptocurrency to Inheritable Assets

2h
coinidol

Interview With Nils Thomsen About How Lotto Nation is Revolutionising Online Lotteries With Blockchain

3h
nulltx

Trump on Vote by Mail, Poll Worker PPE, Naturalizations and More |

3h
cryptonewmedia

Top Countries That Tick All the Boxes

3h
cryptonewmedia

Analyst: how the mining capitulation could spark something in BTC

3h
cryptodaily

Can BTC/USD Remain Supported by 50-Hour SMA? Sally Ho's Technical Analysis 30 May 2020 BTC

3h
cryptodaily

Bitcoin Steady at $9.5k as Analyst Predicts Price Breakout Before June

3h
zycrypto

MakerDAO (MKR) Surges Over 41% After Coinbase Pro Support

4h
cryptonewmedia


Coinbase CEO: Senate’s Pressure on Libra Association Is ‘Un-American’

cointelegraph

8mon ago

Coinbase CEO has criticized United States’ senators for asking Stripe, Mastercard and Visa to leave Facebook’s crypto project Libra.

After U.S. Senators Brian Schatz and Sherrod Brown apparently pressured the payment giants to leave Libra, Brian Armstrong, co-founder and CEO of major U.S. crypto exchange Coinbase, called the action “un-American” in a tweet on Oct. 13.

Armstrong wrote:

“Something feels very un-american about this. Two senators writing to Visa, Mastercard, and Stripe to ask them to withdraw from Libra.”

On Oct. 8, senators Schatz and Brown sent public letters to Stripe CEO Patrick Collinson, Mastercard CEO Ajaypal Banga and Visa CEO Alfred Kelly regarding their participation in Facebook-led stablecoin project Libra.

In three separate letters, the senators have threatened the payment giants to enforce more regulatory scrutiny not only on Libra-related payment activities, but all their payment activities. The senators wrote:

“Facebook is attempting to accomplish that objective by shifting the risks and need to design new compliance regimes on to regulated members of the Libra Association like your companies. If you take this on, you can expect a high level of scrutiny from regulators not only on Libra-related payment activities, but on all payment activities.”

In the letters, the senators have cited reports on Facebook’s alleged involvement in facilitating the distribution of child sexual abuse content as a reason to not trust the social media giant to lead an initiative like Libra.

The senators claimed that 12 million out of the 18.4 million reports of child sexual abuse photos and videos over the world in 2018 were attributed to Facebook Messenger.

The letter reads:

“It is chilling to think what could happen if Facebook combines encrypted messaging with embedded anonymous global payments via Libra. Your companies should be extremely cautious about moving ahead with a project that will foreseeably fuel the growth in global criminal activity.”

Following the letters from the senators, Visa, eBay, Stripe and Mastercard announced that they are leaving Facebook’s Libra Association and its stablecoin project on Oct. 11. Another important payment processor, PayPal, officially withdrew from the association on Oct. 3.

As reported, Facebook CEO Mark Zuckerberg will testify before the House of Representatives Financial Services Committee on Oct. 23 regarding the proposed Libra stablecoin project.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments