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Libra needs regulatory clarity, not a congressional blessing, lawmakers say
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Quick Take
- After Mark Zuckerberg testified in front of Congress on Thursday, lawmakers say regulatory clarity is the name of the game
- Lawmakers aren’t worried about a Libra launch, since moving forward without regulatory clarity would be bad for business
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While some Washington D.C. insiders say Libra is slowly becoming a partisan issue, lawmakers told The Block that crypto issues remain bipartisan
Facebook CEO and founder Mark Zuckerberg met with severe scrutiny on all aspects of his business practices during Thursday’s Libra hearing, but reaffirmed his commitment to wait for regulatory clarity before launching the stablecoin and payment service. If he were to break that promise it is unclear what legal recourse Congress would have, but lawmakers […]
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