Welcome back to another Crypto Daily 3 at 3.

What's going on, guys? It is October 23rd, 2019, and we are doing a special Libra edition.

Mark Zuckerberg testified before Congress today. So obviously a huge day in the history of not only Libra, but cryptocurrencies and

cryptocurrency regulation in the U.S. as well, although you wouldn't always know it from the

line of questioning that we saw from Congress. So today, instead of doing our normal three

at three, I'm just going to focus on that. I did like an infinity long live thread watching the whole

six hour thing as I was trying to do other work as well. So I spent a lot of time watching other

things that were going on. And so what I want to talk through is one, what was new from

Zuckerberg's positioning, two, what was different or the same in terms of what Congress was saying.

Three, what are the negotiating chips now, right? What are

the future kind of balls that we're going to see push back and forth? Four, what were some of the

best moments, little highlights? And five, just some quick predictions that ended off. So let's start

with what was new from Libro. What was the same or different, right, in terms of their positioning?

And I think the first thing I would say is I think there was actually less unbanked.

There was still the lead of the argument. The raise on debt for this is to help people who the

financial service system weren't helping. However, they didn't beat that horse to the same way as David Marcus did.

Perhaps that was because they got such skepticism around it before.

But that's clearly, although it is very much a part of what their narrative is,

and right at the top of Zuckerberg's advanced testimony, it didn't

keep coming back to it other than he just feels like innovation should be able to go create

new solutions for these populations.

So I would say a little less unbanked.

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