Libra Controlled By ‘Largely Massive Corporations’: AOC

During the second day of congressional hearings, New York Representative Alexandria Ocasio-Cortez (AOC) grilled Facebook executive David Marcus over Libra’s centralization. The 29-year-old congresswoman went directly at Facebook for calling Libra a decentralized project. She questioned Marcus over the procedure using which they handpicked 27 founding members for the Libra Association, a so-called nonprofit backing Facebook’s cryptocurrency. Realizing that Facebook had installed principal founders using a $10 million investment as one of the criteria, AOCRead MoreThe post Libra Controlled By ‘Largely Massive Corporations’: AOC appeared first on Bitcoinist.com.