Check, check. All right, what is going on everyone? Welcome back to another Crypto Daily 3 at 3.

I'm doing a special edition today. So we just got off something like two and a half hours of the Facebook Libra hearing. The first of two.

Today was with the Senate banking committee. And it was interesting.

And so I wanted to do, instead of the normal three at three, I wanted to do just kind of a quick

recap of maybe what we heard, what we learned. And this is a little off the cuff. I wanted to do

this for podcast listeners who didn't have a chance to watch the stream. We did a discussion

stream, a live watch party this morning.

We'll be doing the same again tomorrow for the House committee hearing, which should be even

crazier and even more political. But yeah, so I wanted to go through kind of three big buckets

that we heard today and hopefully give folks who are especially listening along a little bit of a

recap. So number one, Facebook and trust.

So if you had to pick a word that came up more than any other word in this hearing, it was trust over and over and again.

Right. So Senator Sherrod Brown right out of the gate talked about just how little trust both him and all of his colleagues and the American

people and his estimation have in Facebook after it's continuously abused and broken things

to use their own words against them that trust over and over again, right? In a lot of ways today

was relitigating Facebook's history of mistakes. And it's interesting in terms of

what it means for Libra because it sort of suggests to me that there's a certain portion of the U.S.

kind of congressional and senatorial bodies that simply aren't interested in allowing this to proceed because they

already think that Facebook is too big as it is, right?

There is a sense among this set of people that there is unfinished business when it comes to

regulating Facebook's power in general, even before you get to this point, right?

There's still open questions around should they be forced to break up and and spin out WhatsApp or spin out

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