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.

How are both Republicans and Democrats reacting to Facebook's initiatives?

Why has the decision to set up a not-for-profit in Switzerland been controversial in Congress?