Express

Fed Governor Warns Potential Users About Lack Of Clarity From Facebook's Libra project

Ramsey Baker

Summary: In a speech by Lael Brainard, member of the Federal Reserve’s Board of Governors, raised several concerns with the user safety of Facebook’s Libra coin. The chairman on the Fed’s Committees on Financial Stability raised concerns that Libra could put users in harms way, due to how unclear the user’s rights are in regard to ...

In a speech by Lael Brainard, member of the Federal Reserve’s Board of Governors, raised several concerns with the user safety of Facebook’s Libra coin.

The chairman on the Fed’s Committees on Financial Stability raised concerns that Libra could put users in harms way, due to how unclear the user’s rights are in regard to the coin’s underlying assets and the entire system. Brainard noted during the speech that while Libra will have protections in place for bank deposits, there is no clarity on whether any protections will be offered to the users.

By Ramsey Baker

Last Update:

Tags: ,,,
Link: Fed Governor Warns Potential Users About Lack Of Clarity From Facebook's Libra project   [Copy]
  • Gold’s $2.1 Trillion Plunge: Where Is The Smart Money Flowing Next? 2 days ago
  • GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... 18 days ago
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 23 days ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? September 16, 2025
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? September 9, 2025
  • You need to login to comment.