David Marcus, vice president of Messaging Products at Facebook, speaks on stage during the annual Facebook F8 developers conference in San Jose, California, April 18, 2017.
Stephen Lam | Reuters
Facebook’s David Marcus on Tuesday responded to questions from the U.S. Senate Banking Committee, saying the company needs governments, central banks and regulators involved to properly launch its Libra cryptocurrency.
“We understand that big ideas take time, that policymakers and others are raising important questions, and that we can’t do this alone,” Marcus said in a letter to Senate Banking Committee Chairman Mike Crapo (R-ID) and Sen. Sherrod Brown (D-OH), the committee’s ranking member. “We want, and need, governments, central banks, regulators, non-profits, and other stakeholders at the table and value all of the feedback we have received.”
Marcus is the head of Facebook’s Calibra digital wallet that will be used to store Libra. He is set to testify before the committee on July 16. The…