FIRST AIRED: July 17, 2019

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00:00:00
now we're told by some that innovation is always good the most innovative thing that happened this century , is windows some of bin laden came up with the innovative idea of flying to airplanes in the towers that's the most consequential innovation although this may be due more to endanger America then even that lawmakers painted a dramatic picture Wednesday of what they see as a dangerous threat posed by libra Facebook's new crypto currency and members of the house financial services committee were angry that CEO mark Zuckerberg wasn't there to defend it people call this the libra it's not the libra nobody when a fight with it finally happens always gonna call Lee brother gonna call it is a block this is Zuckerberg's baby since Facebook unveiled its new currency last month regulators and lawmakers from around the world have sounded alarm bells on Wednesday finance ministers at the G. seven meeting in Shanti France added to the chorus to the interests of the point of interest for everyone was libra this new type of currency there's a widespread concern I have is a former number we intend to examine carefully whether all current regulations are being adhered to and where the regulations will need to be changed in the future to ensure the stability of our international financial system Facebook says libra can help lower the cost of transferring money across borders that only added to concerns in Shanti we have spent many years before addressing that issue and being able to fix that issue of money laundering end of funding all to resume how could we accept to have now a new currency which would not stick to the same kind of %HESITATION vacations back in Washington David Marcus the executive Facebook sent to defend Lee brought out to only launch it with the necessary approval but the social networks track record of protecting users data proved to be a major hurdle it ever opportunity to demonstrate growth competence and wrist