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Signature Bank- Signature Bank is First To Enter Crypto With Regulated Private Ethereum Platform 

Facebook‘s Libra

Watch: Facebook’s David Marcus testifies before Senate on Libra cryptocurrency July 16, 2019

Facebook privately pitched its cryptocurrency plan last month to regulators. They were left even more scared. The Washington Post By Elizabeth Dwoskin and Damian Paletta July 1, 2019 “David Marcus, head of blockchain with Facebook Inc., speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday, July 16, 2019. Facebook won’t launch Libra, the controversial cryptocurrency it’s planning to build with dozens of partner firms, until regulators’ concerns are fully addressed, according to Marcus. “Two days after Facebook announced plans for the creation of a new cryptocurrency for its 2.7 billion users last month, the tech giant presented its 12-page white paper to more than a dozen officials from the Treasury Department, the Securities and Exchange Commission and other agencies. “Facebook is dangerous,” Sen. Sherrod Brown (D-Ohio) said Tuesday at the first of two congressional hearings scheduled for this week. “They certainly don’t respect the power of the technologies they are playing with. Like a toddler who has gotten his hands on a book of matches, Facebook has burned down the house over and over, and called every arson a learning experience. The Senate’s Libra hearing fell on the same day as two other inquisitions of the tech industry in Congress. Facebook, Apple, Google and Amazon were slated to testify in a high-profile hearing on competition and market power.”


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