Skip to content
Subscriber Only

Libra Co-Creator Stresses Oversight Ahead of Regulator Meeting

A Zuck Buck is displayed on a monitor as David Marcus, head of blockchain with Facebook Inc., right, is questioned by Representative Brad Sherman, a Democrat from California, not pictured, during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, July 17, 2019. 

A Zuck Buck is displayed on a monitor as David Marcus, head of blockchain with Facebook Inc., right, is questioned by Representative Brad Sherman, a Democrat from California, not pictured, during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, July 17, 2019. 

Photographer: Bloomberg/Bloomberg
From

David Marcus, co-creator of Facebook Inc.’s Libra project said they will continue to engage with regulators and lawmakers to address their concerns regarding monetary sovereignty as the social network is set to meet global regulators Monday.

In a series of tweets on Monday, Marcus said Libra is designed “to be a better payment network,” backed by a basket of “strong currencies.”