Facebook's Cryptocurrency Project Faces Congressional Scrutiny

Members of the Senate Banking Committee expressed skepticism Tuesday about Facebook’s plan to launch a digital currency called Libra. David Marcus, who heads Facebook’s blockchain subsidiary called Calibra, said the currency will build a “more inclusive financial infrastructure” and enable people to move money cheaply and safely. But lawmakers voiced concerns about consumer security, given the social media site’s past data breaches. We’ll talk about the latest developments.