Facebook CEO Mark Zuckerberg makes rounds of meeting with senators in September.. CQ-Roll Call, Inc via Getty ImagesAt 10 a.m. The second section of Zuckerberg’s remarks to Congress largely rehash the already well-known definition of the Libra Association founded by Facebook, the libra cryptocurrency, and Facebook’s Calibra wallet for storing the cryptocurrency, with one small change. This section concludes by distinguishing Facebook’s cryptocurrency wallet, Calibra, from the libra cryptocurrency and clarifying Facebook’s intention not to sell data about Calibra wallet users to third parties. The section also reiterates Facebook’s desire to position libra as a U.S. tool for global financial competition. The “To Prohibit The Listing of Certain Securities,” appears to seek to prevent stablecoins like libra from entering the capital markets space, according to Brett.

Source: Forbes October 23, 2019 13:57 UTC