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Nathaniel Whittemore
@nlw
, 4 tweets, 1 min read Read on Twitter
Panel 2 Expert Panel - Libra Hearings Day 2 - House Financial Services Committee pscp.tv/w/b_9vyzE0Nzc1…
Hill hints at one of the best possible outcomes: US regulatory clarity that would allow Facebook to actually domicile the Libra Association here.
AND the word "Shitcoin" is on the Congressional record, thanks to Congressman Davidson
One thing that is getting REALLY REALLY clear:

When there is nothing that looks like a Federal Reserve, it feels much less competitive to the Federal Reserve!
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Nathaniel Whittemore
@nlw
Long Reads Sunday #56.

One of the most significant weeks in the history of Bitcoin and crypto. From “the unstoppable force” of Satoshi’s world to “shitcoins” on the Congressional record, this was one for the history books.

Pull up a pool, heatwavers, it’s long reads time!🔥
2/ We’ve know that the Libra hearings would be this week for some time, but they took on a new tenor last week when Trump elevated the industry to a national discussion with his declaration that he was no fan of cryptocurrencies.
3/ In the run up to the hearings, many smart folks summed up what to watch for. @mayazi laid out the potential issues - from question of the reserve to tax issues to the potential diminishing of tools for local economic stabilization
Read 40 tweets
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Nathaniel Whittemore
@nlw
Panel 2 Expert Panel - Libra Hearings Day 2 - House Financial Services Committee pscp.tv/w/b_9k_TE0Nzc1…
Mr Gensler echoing numerous members of Congress saying "Trust us" isn't enough.

You might even say.....Don't Trust, Verify?
Weissman

"... a corporate surveillance titan the likes of which the world has never seen."
Read 7 tweets
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Nathaniel Whittemore
@nlw
AFTERNOON SESSION - Libra Hearings Day 2 - House Financial Services Committee pscp.tv/w/b_9TyzE0Nzc1…
Hollingsworth going really hard to make it clear that there is a structural and architectural difference between Libra and a truly peer-to-peer permissionless system, and that this creates an opportunity for better AML.
DAMN Garcia

"Facebook's voice in the Association is more like the Godfather's voice in the family. Sure it's just one.."
Read 18 tweets

Related threads

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Jake Chervinsky
@jchervinsky
0/ The Libra hearings were a huge milestone in the development of US political thought re: the financial system & digital assets.

Both chambers of Congress brutalized Facebook, but true cryptocurrencies came out looking pretty good. My takeaways from this week below.

Thread 👇
1/ If you need to catch up on Libra, check out:

- Libra's whitepaper (libra.org/en-US/white-pa…)
- @TechCrunch's summary (techcrunch.com/2019/06/18/fac…)
- @CaitlinLong_'s testimony (forbes.com/sites/caitlinl…)
- @CoinCenter's article distinguishing Libra & Bitcoin (coincenter.org/entry/the-diff…)
2/ Congress held two hearings on Libra this week, one by the Senate Banking Committee & one by the House Financial Services Committee.

@DavidMarcus was in the hot seat answering questions. He did a good job considering Facebook doesn't have a great reputation in DC these days.
Read 22 tweets
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AFR
@RealBankReform
Members of the @FSCDems House Financial Services Committee question @Facebook #crypto chief David Marcus about their proposed #Libra cryptocurrency. We are clipping some videos of the hearing in the thread below 👇👇👇
Rep @NydiaVelazquez
Rep @JAHimes on #Libra looking like an ETF:
Read 18 tweets
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blmohr
@blmohr
1/ [THREAD]
2/ B.F. O'Neal Jr. was the 1960 president of the Northwest Louisiana Association of REALTORS and a pioneer of the state's Republican Party.
bit.ly/2PkzMaS
3/ He was also a member of the Council for National Policy (CNP), the secretive network of powerful conservatives using money and politics to impose its conservative agenda. It has multiple white nationalists on its board of governors.
bit.ly/2VUzQQZ
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TheResistance Report
@AntiTrumpReport
House Democrats are discussing investigating the cash infusion the Kushner Companies' flagship New York office tower received in summer 2018, Reps. Maxine Waters, Elijah Cummings and Ted Lieu told Axios. axios.com/house-democrat…
Jared Kushner’s family real estate business provides Democrats with a new opening to investigate a senior White House official's indirect connection to foreign money. Kushner has been helping conduct Middle East policy on behalf of the U.S. government.
The Kushner family's most consequential recent deal is the one that bailed them out of their struggling, debt ridden behemoth at 666 Fifth Avenue.
Read 13 tweets
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Alamo_on_the_rise
@AlamoOnTheRise
Trump: Day 760
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Add...
Day 865 since Donald Trump admitted to sexual assault — yet he’s still in the Oval Office
Add...
Day 716 of NO EVIDENCE produced by Trump that his phones were tapped by Obama.

The FISA warrant Trump referenced targeted Carter Page. #TrumpLies
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🇺🇸🇺🇸BaHamm🇺🇸🇺🇸
@athenasnannie
All the dirt on Maxine Waters you could ever want to know.
discoverthenetworks.org/individualProf…
WATERS' TIES TO COMMUNIST & SOCIALIST GROUPS, CAUSES, & INDIVIDUALS (INCLUDING FIDEL CASTRO)
n 1982 Waters lent her name to a pamphlet published by the National Alliance Against Racist and Political Repression, a Communist Party USA front group that was led by Party members and supporters including Angela Davis, Charlene Mitchell, Anne Braden, and Frank Chapman.
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