Rather than build an alternative currency like Libra, Facebook should concentrate on building new infrastructure, like the open systems in the ethereum-DeFi space, says ConsenSys's Lex Sokolin.
Fed Chairman Powell has given financial privacy advocates a glimmer of hope – and hinted at how the U.S. might competitively position a digitized dollar.
Social networks with crypto aspirations must guard their systems against criminal exploitation, said FinCEN's deputy chief.
Libra Vice Chair Dante A. Disparte said some departing Libra partners left the door wide open for an eventual return. They will be welcomed back when they're ready.
Switzerland's now-departed president said the project had "failed" in its current form.
Mark Zuckerberg said Facebook wants to build commerce tools for small businesses which use the social media giant's apps, but noticeably avoided mentioning the Libra stablecoin project in his 2030 vision.
PBOC wants to distinguish its own digital currency from rival private initiatives.
Facebook could leverage its social media platform to block out competitors, according to Christine Lagarde.
Federal Reserve governor Lael Brainard has warned that the Facebook-led Libra project faces stiff regulatory challenges and that there's a question mark over one of its core concepts.
Contrary to earlier reports, a source tells CoinDesk the EU isn't looking to issue its own digital currency in response to Libra.
Libra won't necessarily mimic Facebook's historic rise, said Calibra executive Kevin Weil.
The private Libra project is not in line with what Dorsey wants Twitter to stand for, the CEO (and bitcoin supporter) said.
Facebook's CEO told lawmakers the company would pull out of the Libra Association if the consortium launched its cryptocurrency without regulatory approvals.
Facebook's Mark Zuckerberg will be testifying before lawmakers on Libra and more later today. Watch the livestream here.
The Treasury Department has committed to monitoring the Facebook-led cryptocurrency project Libra alongside regulatory efforts by Congress.