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Mark Meadows
@markmeadows· Republican · NC· Jul 17, 2019

During the Presidency of Barack Obama, we didn't see outrage from the Democrats then.

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Pat McHenry
@patmchenry· Republican · NC· Jul 16, 2019

I do think, however, it was a really good hearing, because we now have before Congress a deeper understanding about these digital assets and the breathtaking speed at which the world is changing and how we have to catch up.

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Pat McHenry
@patmchenry· Republican · NC· Jul 16, 2019

There's something additional here, which is that people fear something they don't understand.

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Pat McHenry
@patmchenry· Republican · NC· Jul 16, 2019

I fear not well, though. There's a breathlessness to the hyperventilation about Facebook.

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Pat McHenry
@patmchenry· Republican · NC· Jul 16, 2019

When they don't understand innovation, they want to kill it.

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Pat McHenry
@patmchenry· Republican · NC· Jul 16, 2019

Mr. Marcus gave me two promises in our conversation yesterday, both of which he knows they will not comply with.

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Pat McHenry
@patmchenry· Republican · NC· Jul 16, 2019

I want to keep this simple. Mr. Marcus, I have read your White Paper. I understand the nature of digital currency and digital technology. What is a Libra?

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Pat McHenry
@patmchenry· Republican · NC· Jul 16, 2019

Some politicians want us to live in a permission-based society, where you need to come to the government, and ask for its blessing before you can begin to even think about innovating.

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Pat McHenry
@patmchenry· Republican · NC· Jul 16, 2019

The reality is whether Facebook is involved or not, change is here.

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Pat McHenry
@patmchenry· Republican · NC· Jul 16, 2019

Just because we may not fully understand a new technology proposal does not mean we should immediately call for its prohibition.

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Pat McHenry
@patmchenry· Republican · NC· Jul 16, 2019

We are here to go beyond the headlines. We are here to sift through the speculation and the hearsay.

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Pat McHenry
@patmchenry· Republican · NC· Jul 16, 2019

So is it your view that the development internally at Facebook is for you to be a competitor to Alipay and to WePay?

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Pat McHenry
@patmchenry· Republican · NC· Jul 16, 2019

People call this the 'Libra.' It is not the Libra. If it finally happens, nobody is going to call it a 'Libra.' They are going to call it a 'Zuck Buck.' This is Zuckerberg's baby.

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Pat McHenry
@patmchenry· Republican · NC· Jul 16, 2019

America's power comes from the power of the dollar more, I think, than the power of our military.

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Pat McHenry
@patmchenry· Republican · NC· Jul 16, 2019

If you are seeking to be a competitor to Alipay and to WePay, why are you doing this in Switzerland and why are you using a basket of currencies?

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Pat McHenry
@patmchenry· Republican · NC· Jul 16, 2019

The association will still have the ability to set the rules when it comes to anti-money-laundering programs.

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Pat McHenry
@patmchenry· Republican · NC· Jul 16, 2019

There is tension between the notion of a decentralized currency, or something decentralized, and ultimately privacy.

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