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0/ 🗣️ @RepMaxineWaters speaking to @BloombergTV: "I think that he (@DavidMarcus) skirted some of the most significant questions...it was not good enough."
1a/ 🦅 Which regulator will be taking the lead on these digital currencies?
"At this time we don't know which regulator will. As I understand it, the Fed has an advisory committee. There may be an advisory committee over at Fintech (a task force of @FSCDems), I don't know.
"At this time we don't know which regulator will. As I understand it, the Fed has an advisory committee. There may be an advisory committee over at Fintech (a task force of @FSCDems), I don't know.
1b/ However, one of the things we have to know and understand is: what is it!? Is it a payments system? What do they do and how do they do it? And so, you can't even decide what regulator would oversee [Libra] without understanding what it really is."
2/ 🔜 What's the next step in this process?
"We're going to have more hearings. We're going to talk with all of the experts out there who know a lot about cryptocurrency and can tell us about the history of Bitcoin and blockchain and how it all works."
"We're going to have more hearings. We're going to talk with all of the experts out there who know a lot about cryptocurrency and can tell us about the history of Bitcoin and blockchain and how it all works."
3a/ 🇺🇸 Would you use Facebook Libra?
"All I know is the faith I have in the American dollar. I love the American dollar. I am concerned with Libra competing with our dollar. And so, I am not concerned at all about whether or not 'am I going to use Libra today?' No.
"All I know is the faith I have in the American dollar. I love the American dollar. I am concerned with Libra competing with our dollar. And so, I am not concerned at all about whether or not 'am I going to use Libra today?' No.
3b/ I don't know what it is. I don't know how it works. And so, I'm satisfied with the American dollar. And I am very, very concerned about any currency that will compete with it in the way that they talk about cryptocurrency doing."
4/ 👇Full video interview attached below.
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