Facebook's crypto chief warns of national security risks if the US fails to innovate
Facebook's cryptocurrency lead said at a Senate hearing Tuesday that U.S. sanctions could be at risk without financial services innovation.
Marcus responded to a question from Republican Arkansas Sen. Tom Cotton about how U.S. sanctions would be impacted by the new proposed digital currency. David Marcus, who heads Facebook's Calibra subsidiary, responded to a question from Arkansas Sen. Tom Cotton about how the new currency would impact the U.S.'s ability to impose effective sanctions. Cotton said Iran, on which the U.S. has imposed sanctions, has been working on"I'm glad you brought this up because I believe that if we don't lead in the space, others will," Marcus said.
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