US House Subcommittee To Bring Spotlight On Facebook's Libra

Facebook's Libra is likely to be the focal point of a hearing on digital currencies by the U.S. House Committee on Financial Services Subcommittee on National Security, International Development, and Monetary Policy late next month, according to Theblockcrypto.

Facebook's Libra Project is the subject of much controversy among US lawmakers mainly because of its potential to compete with the US Dollar.

However, what may be a bane for the US Dollar could be a boon for the world's unbanked.

It remains to be seen whether Libra can survive regulatory scrutiny.

Posted via Steemleo