(Bloomberg) -- Who will be able to use Facebook’s proposed Libra digital currency?
“We haven’t written a policy yet,” David Marcus, the Facebook executive who leads the company’s blockchain team, said in response to a question from Representative Sean Duffy at a House Financial Services Committee Hearing. “This is an important question.”
Duffy, a Wisconsin Republican, said what’s great about the U.S. dollar is anyone can use it, tying into the anger many in his party feel about Facebook setting social standards and banning people.
He asked if anyone will be able to use Libra, including people banned from Facebook like Louis Farrakhan or Milo Yiannopoulos.
@repseanduffy, holding up a $20 bill for emphasis, asks if Milo Yiannopoulos can use Librahttps://t.co/Tgp3ST5AUB
— Beth Ponsot (@bponsot) July 17, 2019Nothing that anyone can use a $20 bill, Duffy asked Marcus, “Can Milo use that?”
“I don’t know yet,” Marcus responded.
Duffy predicted Facebook will get “a lot of pushback” if they try to prohibit some people from using Libra.
For an quick explainer on Libra, click here. For more on Facebook’s Marcus Testifies on Libra Before House Panel, click here for our TOPLive blog.
To contact the reporter on this story: Steven Dennis in Washington at sdennis17@bloomberg.net
To contact the editor responsible for this story: Anny Kuo at akuo1@bloomberg.net
©2019 Bloomberg L.P.
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