Trump, Democrats Unite in Distrust of Facebook's Libra Proposal

The transcript discusses Facebook's ongoing challenges in Washington, highlighting bipartisan dissatisfaction due to data privacy issues and a $5 billion fine. It introduces Facebook's new cryptocurrency, Libra, which aims to revolutionize global money use. However, the initiative faces skepticism from lawmakers, with concerns about its setup in Switzerland instead of the U.S. The transcript outlines the political and technical hurdles Facebook must overcome to launch Libra successfully.

What is the main reason for the bipartisan criticism of Facebook in Washington?

• Its new cryptocurrency project

• Its advertising policies

• Data privacy issues and a significant fine

• Its headquarters location

What is the name of the cryptocurrency project that Facebook is trying to launch?

• Bitcoin

• Libra

• Ethereum

• Ripple

How many partners does Facebook claim to have signed up for its cryptocurrency project?

• 100

• 50

• 10

• 28

Where has Facebook set up the not-for-profit organization to run its cryptocurrency?

• United States

• United Kingdom

• Switzerland

• Germany

What is a major concern of Congress regarding Facebook's cryptocurrency project?

• The project's name

• The project's international setup

• The project's launch date

• The project's marketing strategy