The entirety of the House Financial Services hearings facing Libra are now up online! I’ve got to admit, I’ve got a vested interest in it since I was one of the witnesses, but the sessions really were interesting. Here’s the youtube site. If you’d like just the experts panel, we can be found here.
In my remarks, I raised concerns with the official “white paper” As I’ve explained before, white papers “have emerged as a common tool through which digital asset companies communicate with potential consumers and investors about new projects and ventures. However, white papers have faced mounting criticism — for their hyperbolic language, false promises and omissions of material information consumers would need before purchasing a digital asset.”
And oddly, the Libra white paper appears to be subject to similar concerns. I explain why here. Georgetown’s story is here.