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Coinbase's Ex-Policy Head Will Lobby for Facebook's Libra Crypto

Facebook has hired a lobbying firm led by a former head of policy at Coinbase amid regulatory pushback from U.S. lawmakers over its Libra project.

Facebook's David Marcus at a Senate banking hearing in July, 2019

Markets

Switzerland Meetings Didn't Clear US Lawmaker's Doubts on Facebook's Libra

A U.S. lawmaker said her concerns with Facebook's Libra crypto project remain after meeting regulators in Switzerland.

U.S. Representative Maxine Waters, who chairs the House Financial Services Committee

Markets

Tensions Rising at Facebook Libra as Backers Consider Quitting: Report

Several backers of Facebook's Libra cryptocurrency project are said to be considering backing out due to growing "pushback" from regulators.

Mark Zuckerberg

Markets

Crypto Asset NYM to Fuel Test of Tokenized Facebook Login Alternative

Privacy-focused Nym Technologies plans to launch a testnet this fall. Its identity system masks identifying user data across blockchains.

Harry Halpin, Nym Technologies (Christine Kim/CoinDesk)

Markets

Facebook Libra Already Facing an EU Antitrust Probe: Report

Facebook is reportedly already under investigation by the EU over antitrust issues related to its Libra cryptocurrency project.

Facebook's David Marcus at a Senate banking hearing in July, 2019

Finance

Facebook Isn't Behind the First Incubator for Libra Crypto Developers

With $125,000 committed to a virtual bootcamp in November, Libracamp is incubating development on Facebook's Libra testnet.

libracamp

Markets

US Lawmakers to Discuss Facebook Libra on Swiss Visit: Report

Congresswoman Maxine Waters and other U.S. lawmakers will discuss Facebook's crypto project with the Swiss data privacy chief this week.

maxine_waters_facebook_hearing

Markets

Global Regulators Warn on Privacy Risks of Facebook's Libra

Data protection chiefs from across the globe have united to express concerns over the privacy risks posed by Facebook's cryptocurrency project.

zuckerberg, facebook

Markets

Facebook Hires US Senator's Former Aide to Lobby for Libra Cryptocurrency

Facebook has hired a former aide to the chairman of the U.S. Senate Banking Committee to lobby for its Libra cryptocurrency project.

marcus, facebook

Markets

Facebook Libra Might Never Launch, Company Concedes in SEC Disclosure

Facebook has acknowledged what many have been saying – that regulatory issues may be an insurmountable barrier to its Libra project.

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