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Facebook CEO Mark Zuckerberg faces a tough test Wednesday as he testifies publicly before a House panel on Libra, his company's controversial effort to launch a global cryptocurrency.
Draft legislation has been posted on the US House of Representatives, Financial Services Committee website that may designate "stablecoins" as securities.
United States Congress is considering a draft bill that claims all managed stablecoins must be seen as investment contracts and therefore as securities.
Ahead of Facebook Chief Mark Zuckerberg's appearance on Capitol Hill, Congresswoman Sylvia Garcia (D-TX) spoke with Cheddar about what to expect. Zuckerberg will discuss the future of Libra in both domestic and foreign markets, and will make his pitch in front of the House Financial Services Committee.
Facebook CEO Mark Zuckerberg plans to tell lawmakers that he understands Facebook is not the "ideal messenger" for its cryptocurrency project and he supports delaying Libra's launch until regulatory concerns are addressed.
Congress may consider a bill to classify stablecoins – cryptocurrencies whose values are pegged to a fiat currency or other assets – as securities.
A slew of policy changes this week at Facebook show how the social media giant can act decisively on pressing public policy matters — when it chooses to.
WASHINGTON — Warning that President Donald Trump could weaponize Immigration and Customs Enforcement to scare Latinos away from the polls, several Texas Democrats are pushing to bar immigration action around polling places on voting days.
Politicians in the Democratic and civil rights space have shared tributes on social media following the passing of Rep. Elijah Cummings.
Born and raised in Houston, Isabel Longoria, 31, once wore a cowboy hat to an eighth-grade dance at The Rice School. After that, the moniker "Texas," or sometimes just "Tex," followed her everywhere.