2020

The #Libra Association has announced it’s planned for a simple global currency and financial infrastructure.
Find out more https://libra.org/en-US/
The #Libra Association is today announcing plans for a simple global currency and financial infrastructure. Find out more https://t.co/VPS7LllcNn #blockchain #cryptocurrency pic.twitter.com/mdHymhsrcH
— Libra (@Libra_) June 18, 2019
The Libra Association was initially composed of a handful of large firms, but PayPal Holdings has since severed ties with the project.
Though it seems that even though PayPal may have stepped out of the picture, Facebook is now taking that place. Facebook CEO Mark Zuckerberg is set to testify before the House Financial Services Committee over the platform’s plans to implement its own digital currency. Sources close to the matter this week said Zuckerberg will be the only witness at the hearing later this month.
Though online currency makes people feel uneasy pure and simple is due to the unpredictability and the wild market cycles of similar currencies like Bitcoin. This makes Global regulators wary of how digital currency will impact the financial system. The Libra currency was created to boost e-commerce and advertisements within Facebook with plans to release the cryptocurrency in 2020, but a number of factors may halt the company’s progress. The real concern is that Facebook has data on billions of people and has repeatedly shown a disregard for the protection and careful use of this data it is also agreed that Congress and regulators have the opportunity to examine the consequences of what happens if Facebook creates such a currency.
Moving money around globally should be as easy, cost-effective and even more secure than sending a text message or sharing a photo — no matter where you live, what you do, or how much you earn. https://t.co/Eea4vMKYlv #Libra #FinancialInclusion #blockchain #cryptocurrency pic.twitter.com/WXw9Rypxmj
— Libra (@Libra_) June 20, 2019
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In January, Coats again was reportedly in Trump’s dog house when he told a Senate committee that North Korea was unlikely to give up its nuclear weapons, which contradicted the president’s more optimistic view. At last year’s Aspen Security Forum, Coats reportedly angered Trump when he appeared to criticize the president’s ties with Russian President Vladimir Putin. Senate Minority Leader Charles Schumer slammed on Sunday President Donald Trump’s choice of Rep. John Ratcliffe to replace Dan Coats as director of national intelligence, The Hill reported. “It’s clear that Rep. Ratcliffe was selected because he exhibited blind loyalty to President Trump with his demagogic questioning of former Special Counsel Robert Mueller ” Schumer said in a statement. “If Senate Republicans elevate such a partisan player to a position that requires intelligence expertise and non-partisanship, it would be a big mistake.” House Speaker Nancy Pelosi wrote on Twitter that the successor for Coats “must put patriotism before politics, and remember that his oath is to protect the Constitution and the American people, not the President.” Trump had reportedly soured on Coats several times during his tenure. Axios reported that Trump was impressed by Ratcliffe’s performance during his questioning of Mueller at congressional hearings on Wednesday. Sen Eliabeth Warren, who is running for the Democratic nomination for president in 2020, added in a tweet that “Our Director of National Intelligence should be above partisan politics, speak truth to power, and resist Trump’s abuses of authority. John Ratcliffe doesn’t fit that bill.” It is not yet clear how the Senate overall will react to Ratcliffe’s nomination, according to The Hill. However, his membership in the House Intelligence Committee will likely appeal to Republican senators.
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Rep. Richard Neal, D-Mass., faces a challenge for re-election from a 30-year-old Massachusetts mayor campaigning on the House Ways and Means Committee chairman’s inaction on obtaining President Donald Trump’s tax returns, NBC News reported. “So, when you look at the timing here, we’re now very unlikely to see any result before the 2020 election, because Congressman Neal dragged his feet. We also have people in New York that have worked tirelessly to give the American people access to his New York state tax returns.” “I think his action is emblematic of a kind of leader, or lack thereof, that’s he’s been over the last 30 years,” Holyoke Mayor Alex Morse told NBC News about Neal’s authority to obtain President Trump’s state returns. Rep. Neal has held off using the New York state law to obtain his state tax returns because it might jeopardize the ability to obtain federal returns, according to the report. President Trump filed a federal lawsuit this week to block Rep. Neal from using the state law to obtain the federal return. “I know people here in western Massachusetts, and people around the country, are frustrated with the way in which he’s handled this issue from day one. I mean, Democrats took back the House, and it took [months] to put a letter together. I know it doesn’t take us that long to put letters together at City Hall when we have to look at legal issues. “It’s unfortunate that there are folks who aren’t living what he’s living, making statements and comments and Monday morning quarterbacking the situation,” a source told NBC News of Rep. Neal.
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Billionaire Tom Steyer, a former hedge fund manager, wants to “break the corrupt stranglehold that corporations have on our government” and take on President Donald Trump in 2020.
Steyer’s comments came during a Thursday interview on “CBS This Morning.” Steyer announced his candidacy for the Democratic presidential nomination on Tuesday.
“To me the biggest question facing the United States is not what we should do, but how are we going to break the corrupt stranglehold that corporations have on our government,” Steyer said.
He added: “For the last 10 years, I’ve been trying to push power back to the people of the United States.
Steyer, who will reportedly spend $100 million of his own funds on his campaign, said his candidacy is “not about the money.” He maintained it is aimed at “trying to retake the government.”
“This is about retaking the democracy from the corrupt corporate power that is determining what happens in Washington, D.C.”
Meanwhile, Steyer’s campaign to impeach Trump will continue under new leadership during his presidential bid.
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