Zuckerberg: if legislators trust is not gained, we will exit from project Libra
CEO of Facebook in a hearing in front of the Congress said that Facebook is no longer in the position of project controller and the operation of Libra is independent.
What do you think about this?
I reckon it's just a bargining move. I don't think Facebook would ever abandon their project which they've spent several years and millions of dollars of, it's more a bluff and pressuring Congress to work with them.
If Libra did get taken over by the government, it's not that bad. There are already confirmed situations where countries are making their own crypto-currencies, and Libra's tech would easily help accelerate the process and I trust governments more than Facebook.