Congress might actually get crypto.
That was a key takeaway from last week’s contentious hearings in on Facebook’s Libra project in Washington, D.C.. While giving Facebook executive David Marcus the third degree, lawmakers took pains to distinguish between the social network’s project and the broader cryptocurrency ecosystem.
Chen Arad, chief marketing officer of compliance Solidus Labs, said the way the committee appears to be handling the potential legislation was a positive sign.
“I particularly appreciated Chairman Waters repeatedly admitting the committee doesn’t understand the issue well enough, and that they’re looking to learn before they can take legislative action effectively,” he said.