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

How do you comply with regulations?

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.

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

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

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

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

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.

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

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?

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.

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

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

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

Congress needs to be helping everyday investors. That is our clear motivation.

We need to build a broader consensus on this committee and across jurisdictions about how we lean into this new era of technology.

I think we can build great consensus through committees like this and the AI Task Force, and that can help drive good bipartisan legislation through the process.

But you also get into this really--more of the behavioral piece, which is, you have a diverse board on paper, but they are not functionally diverse, right?

Right. So, recruiting based off of race and ethnicity alone is not sufficient for empowered boards.

Even if there is only one woman or one African American on the board, if we actually have a chairperson who goes around the table and elicits perspectives, that one voice can be powerful.

Research shows that when you have a more diverse array of inputs, you actually get better outcomes.

Women and minorities only hold approximately 38 percent of board positions at America's top 100 companies.

Progress does not mean we have arrived. Progress does not mean we have completed the job.

Pursuing more diverse boards is the right thing to do as a matter of economic interest for these institutions.

It is important that we maintain core investor protections while at the same time figuring out a principled way to enable American markets to flourish.