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UPDATED 3:25 PM PST – Wednesday October 9, 2019
Related: FBI Director Wray, AG Barr Warn Against New Encryption On Facebook Messenger
Global regulators are also wary of how the digital currency will impact the financial system, based on the wild market cycles of similar currencies like Bitcoin.
FILE – In this April 11, 2018, file photo, Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce hearing on Capitol Hill in Washington. (AP Photo/Andrew Harnik, File)
The push towards cryptocurrency has been hindered by an ongoing federal investigation, which is looking into the Facebook’s privacy and advertising practices. Democrat Representative Maxine Waters has voiced opposition to the company and its ever-growing reach. Earlier this year, she called for Facebook to cease development of Libra.
“The type of change that will reconfigure the financial system to be tilted towards people, not the institutions serving them, will be hard,” the Libra Association said. “Commitment to that mission is more important to us than anything else — We’re better off knowing about this lack of commitment now, rather than later.”
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 was first announced back in June as a “simple global currency” that would “empower people around the world.”
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. The hearing will mark his first appearance before a congressional committee since 2018.
The Libra Association was initially composed of a handful of large firms, but PayPal Holdings has since severed ties with the project. The digital payments company announced their official separation on Monday, which the association quickly responded to.
— Libra (@Libra_) June 18, 2019
The new currency was created to boost e-commerce and advertisements within the app. Facebook plans to release the cryptocurrency in 2020, but a number of factors may halt the company’s progress.
Tucker Carlson recently pointed out the hypocrisy surrounding mainstream media’s coverage of the Justin Trudeau blackface scandal by comparing the way CNN’s Don Lemon handled the matter. On Tucker Carlson Tonight on Fox News Tucker spent no time singling out CNN’s Don Lemon in a clip where it showed how the liberal Lemon host […]
Trump demands resignations over Kavanaugh story at New Mexico rally
“I call for the resignation of everybody at The New York Times involved in the Kavanaugh smear story, and while you’re at it, the Russian witch hunt hoax, which is just as phony a story,” the president said. “They’ve taken the old Grey Lady, so prestigious, and broken her down, destroyed her virtue, and ruined her reputation. She can never … See More recover, and will never return to greatness under current management. The Times is dead, long live the New York Times.”
Trump demands resignations over Kavanaugh story at New Mexico rally
New York Times reporters behind Kavanaugh story say key info was in original draft
Netanyahu looks to remain in power as Israelis vote in repeat election
US shares info with Saudi Arabia that blames Iran for oil field attack: report
White House orders two former Trump aides not to appear before House committee at impeachment hearing
Spicer spices up ‘Dances With the Stars’ with neon green shirt
In a major win for the Trump administration, the Supreme Court issued an order late Wednesday ending all injunctions that had blocked a White House ban on asylum for anyone trying to enter the U.S. via a third country, such as Mexico, without seeking protection there.
The Supreme Court’s order was not a final ruling on the policy’s merits but does allow the … See More policy to take effect nationwide, including in the 9th Circuit, while the case makes its way through the lower courts.
Supreme Court allows Trump asylum restrictions to take effect, ending 9th Circuit injunctions
2020 Democrats to debate in Houston on Thursday with trimmed-down lineup
Trump administration takes aim at teen vaping, proposes ban on non-tobacco flavored e-cigarettes
Trump delays China tariffs increase in gesture of goodwill
NCAA warns Calif. governor about college athlete ‘fair pay’ bill
OxyContin maker reaches settlement with 2,000 plaintiffs in opioid crisis
The Department of Justice has sent a package of legislative proposals on gun violence to the White House, a person familiar with the matter told Fox News, as the debate rages over how lawmakers and the president should respond to a recent spate of deadly mass shootings. The White House has had the proposals for two weeks, according to the source, but has not yet sent anything … See More along to Capitol Hill. It was not immediately clear what proposals are included in the DOJ package.
Safety deficiencies suspected in dive boat fire after preliminary investigation: report
And about ‘Sharpiegate’ …
DOJ sends gun legislation package to White House as debate rages over mass shootings
August jobs report to be released
Robert Mugabe, longtime ruler of Zimbabwe, dead at 95
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Hurricane Dorian weakens as Florida braces for impact; Bahamas devastated, death toll rises
Coast Guard releases chilling footage of … See More deadly scuba boat fire
Inspector general report reveals more evidence Comey used transition briefings to gather intel on Trump team
Hong Kong’s Lam will formally withdraw extradition bill: reports
San Francisco officials brand NRA a ‘domestic terrorist organization’
Churchill’s grandson could face expulsion from UK’s Conservative Party for defying Boris Johnson in Brexit vote
‘Will & Grace’ star backtracks, says he doesn’t support ‘blacklists’ after calling to out Trump donors
DC consultant denies Ilhan Omar affair claim, accuses estranged wife of revenge plot
Trump saluted America in A #MAGA July 4 event, despite critics, What Do you Think About His Speech?
Trump salutes America in elaborate July 4 event, despite critics — and a downpour of rain
Despite concerns that he would use the Fourth of July event as a glorified campaign rally, President Trump used his “Salute to America” speech Thursday evening to praise the men and women of the armed forces and American exceptionalism. With the Lincoln Memorial as a backdrop and flanked by camouflaged … See More Bradley fighting vehicles, Trump stuck mainly to the script during his speech – praising the spirit that “runs through the veins of every American patriot” and attempting to strike a more unifying and conciliatory tone than he is generally known to take.
While Trump’s speech set a unifying tone, the lead-up to the event was far from harmonious – with Trump’s opponents,especially 2020 Democratic presidential candidates, slamming him on everything from the cost of the event to the perceived exploitation of the holiday for a political purpose. Two outside groups, the National Parks Conservation Foundation and Democracy Forward, want the Interior Department’s internal watchdog to investigate what they say may be a “potentially unlawful decision to divert” national parks money to Trump’s “spectacle.”
White House seeking all options on citizenship question for 2020 census
President Trump on Thursday doubled down on his push for a citizenship question on the 2020 Census, promising that his administration is “working very hard” on the controversial issue — as reports say he is mulling using an executive order to get the question on the census. “So important for our Country that the very simple and basic ‘Are you a Citizen of the United States?’ question be allowed to be asked in the 2020 Census,” he tweeted. He added that the Commerce and Justice departments were “working very hard on this, even on the 4th of July!” Earlier this week, Commerce Secretary Wilbur Ross announced that his department was going ahead with the printing of the census without the citizenship question, apparently indicating that the administration had dropped the controversial issue. That decision came after a Supreme Court ruling last week that blocked the citizenship question for the time being until more reasoning from the administration was provided.
Ocasio-Cortez calls border officials liars after new report on offensive Facebook posts
In a Twitter message Thursday, Rep. Alexandria Ocasio-Cortez, D-N.Y., branded the leadership of U.S. Customs and Border Protection as liars after a news site reported that CBP officials knew much longer than they claimed about a Facebook group on which some past and current CBP employees had posted offensive material. Ocasio-Cortez was the subject of some of this material. ProPublica, a self-described non-profit news group, reportedly has obtained screenshots of doctored images of Ocasio-Cortez, including one that shows a smiling PresidentTrump forcing her head toward his crotch.
According to Politico, top CBP officials had known about offensive posts “for up to three years” – even though officials claimed this week that they had only recently learned about them. “Looks like CBP lied,” Ocasio-Cortez charged Thursday, one day after the Politico story appeared. “Reporting shows they knew about it for *years.* This is a big deal.”
Ted Cruz schools Kaepernick, adds ‘context’ after ex-NFL star quotes Frederick Douglass ‘Fourth of July’ speech
Sen. Ted Cruz responded Thursday night after former NFL quarterback Colin Kaepernickposted a passage earlier on the Fourth of July from a famous speech by Civil War-era abolitionist Frederick Douglass. The passage Kaepernick cites is from Douglass’ speech, “What to the Slave is the Fourth of July?” Douglass delivered to the speech at a meeting of the Rochester Ladies’ Anti-Slavery Society in Rochester, N.Y., on July 5, 1852 – nearly nine years before the Civil War began.
Kaepernick posted the following portion, without adding any comments: “What have I, or those I represent, to do with your national independence? This Fourth of July is yours, not mine…There is not a nation on the earth guilty of practices more shocking andbloody than are the people of these United States at this very hour.” “You quote a mighty and historic speech by the great abolitionist Frederick Douglass,” Sen. Cruz writes in response, “but, without context, many modern readers will misunderstand.”
Closely watched June jobs report to be released Friday
Wall Street will be closely watching Friday’s release of the June jobs report, which could provide insight into whether the Federal Reserve will cut interest rates at its July meeting. As the U.S. enters the longest economic expansion on record, investors are looking at the Department of Labor’s monthly payroll and unemployment data for signs that the rapid job growth over the past two years is softening and lending way to an overall growth slowdown.
Las Vegas shooting victim’s parents sue gunmaker over daughter’s death.
Trump donor among seven Americans killed in copter crash in Bahamas.
Meghan McCain ‘in talkso r’ teturn to ‘The View,’ but ‘some things need to change’: report.
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