Press Release

McHenry Fights for Innovation and Responsible Technology at Hearing on Facebook's Project Libra

McHenry calls for greater understanding of digital currency, Facebook’s Project Libra, & financial innovation

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Washington, July 18, 2019 | comments
Yesterday, the House Financial Services Committee held a hearing to learn more about Facebook’s recently announced digital currency proposal, Project Libra. Congressman Patrick McHenry (NC-10), Republican Leader of the House Financial Services Committee, who called for this hearing last month, delivered opening remarks urging his colleagues to fight the knee-jerk reaction of Washington to stifle innovation and instead, work to fully understand it.

Watch Ranking Member McHenry’s opening remarks by clicking here or on the image below.

McHenry had the opportunity to question Facebook’s David Marcus on issues ranging from how Facebook plans to comply with existing regulation to Project Libra's potential to increase financial inclusion.

Watch Ranking Member McHenry’s questioning of Mr. Marcus by clicking here or on the image below.

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