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Libra not that bad, Bitcoin “unstoppable,” says Congress 

US Congressmen struck a notably more conciliatory tone toward Facebook than their Senate colleagues, going so far as to praise Bitcoin, and the broader cryptocurrency movement, as “unstoppable,” during a House Financial Services Committee hearing on Libra today. 

Facebook’s David Marcus, who was savaged by a far more bellicose Senate Housing, Banking and Urban Affairs Committee yesterday, reiterated his defense of the social network’s hoped-for cryptocurrency today. He said that the Libra currency would be decentralized, with only a modicum of power accruing to Facebook; that services built atop the network would comply with jurisdictional regulations; and that Libra had been deliberately proposed early to anticipate concerns raised by lawmakers.

But this time, the congressmen…

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