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[Live Coverage on Libra Hearing] Congressman Perlmutter Asks For Clarification On What Libra Is

Ramsey Baker

Summary: Colorado Congressman Ed Perlmutter asked Mark Zuckerberg for clarification on whether Libra was a money or something else.  Zuckerberg responded that he sees cryptocurrency as a payment system and doesn’t seek to undercut the U.S. dollar. Perlmutter then stated that he is not sure if Facebook knows what they’re creating. By Ramsey Baker

Colorado Congressman Ed Perlmutter asked Mark Zuckerberg for clarification on whether Libra was a money or something else. 

Zuckerberg responded that he sees cryptocurrency as a payment system and doesn’t seek to undercut the U.S. dollar. Perlmutter then stated that he is not sure if Facebook knows what they’re creating.

By Ramsey Baker

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