Louisiana state treasurer John Kennedy addresses supporters at his election watch party, after being elected to the senate seat vacated by Sen. David Vitter, R-La., in Baton Rouge, La., Saturday, Dec. 10, 2016.Gerald Herbert/AP- The comments were addressed towards Facebook executive David Marcus, who did not have an immediate response.
- Sen. Kennedy and other lawmakers expressed skepticism that Facebook would be able to manage its own currency based on the company's track record with privacy and other issues.
Lawmakers continue to express their skepticism about Facebook's ability to manage its proposed cryptocurrency Libra amid multiple scandals.
During a hearing at the Senate Committee on Banking, Housing, and Urban Affairs, Senator John Kennedy laid into Facebook's values, suggesting that the social media platform was undermining effective journalism.
"Isn't it true, and I really want your opinion, that Facebook has chosen to advance a set of values in which truthful reporting is displaced by flagrant displays of bullshit?" Kennedy said on Tuesday.The comments were directed towards Facebook executive David Marcus, the head of Calibra. Marcus did not have an immediate response, prompting laughter from the audience.
Kennedy said he had respect for the company, but remained skeptical of its plans to manage a cryptocurrency at an international scale.
the moment @SenJohnKennedy leaves @facebook's David Marcus speechless �� pic.twitter.com/E7iTlEtz4v
- J.D. Durkin (@jiveDurkey) July 16, 2019