Bitcoin has been doing great lately, and ZyCrypto notes that if Libra does stir a bull run, it will just be an addition to the current Bitcoin bull run or upward trend that the most important coin in the market has been seeing for a while.
Facebook to testify before the US Senate
Facebook’s Libra will be governed by a lot of companies and the social media giant might have caused regulators to freak out that it will establish a new banking system with billions of users upon launch.
According to the latest reports coming from the Daily Hodl, CNBC reported that David Marcus, who is in charge of Facebook’s blockchain efforts, is expected to testify before the Senate.
The online publication says that the information comes from a source in Washington familiar with the matter.
Libra would reportedly also face massive problems in India due to their regulations and according to a source it will most likely not even be made available there.