Facebook Is Inviting Washington to Regulate Libra — Good Luck With That

Is it a bank? Is it anonymous? Is it an investment? The questions are unending

Head of Facebook’s Calibra David Marcus testifies during a hearing before Senate Banking, Housing and Urban Affairs Committee on July 16, 2019. Photo: Alex Wong/Getty Images

Last week, Facebook faced a grilling before both the House and Senate over its Libra cryptocurrency project. The committees did not seem to be fans of Facebook’s plans to create a global currency. Some of their…