Beijing time today (July 16) at 22:00, the US Senate Banking Committee and the House Financial Services Committee held a hearing on the Facebook Libra project. Sherrod Brown, the Democratic vice chairman of the Senate Banking, Housing and Urban Affairs Committee, believes that Facebook has abused the trust of users and has recently been heavily fined. Will users trust Facebook to issue coins? David A. Marcus said that the Libra Association has 100 members and Facebook is just one of them. Brown asked if you think that Facebook shouldn't engage in Libra, what do you do? Marcus replied that without convincing you, without solving all the problems, we will not launch Libra.