The testimony of David Marcus, CEO of Calibra, was received coldly by the US Senate, showing a generally negative attitude toward digital assets. The curious thing about the digital asset testimony was the total lack of discussion about Bitcoin (BTC).
Facebook (NASDAQ:FB) had to clean up its house before setting sights on a new business model, reported the BBC. Despite the Libra Foundation being a new and independent body, the previous behavior of Facebook on gathering and exploiting user data has also tainted the new project.
Senator Sherrod Brown stated it would be “delusional” to believe regular users would trust a Facebook-related entity with their money.
