Facebook Holds Talks With CFTC Over GlobalCoin Cryptocurrency

[shadow.bishop]

Facebook has started a discussion with the U.S. Commodity and Futures Trading Commission (CFTC) over the social media giant’s crypto stablecoin initiative.

According to a report from the Financial Times on Sunday, the CFTC chairman Christopher Giancarlo said the agency held “very early stages of conversations” with Facebook. The goal was to better understand if the firm’s crypto stablecoin could potentially fall under the CFTC’s regulatory remit.

Source;
https://www.coindesk.com/facebook-holds-talks-with-cftc-over-globalcoin-cryptocurrency-report

[Peter90]

Libra is not backed by commodities, so it is not a commodity.

It has nothing to do with Futures, as there are no Futures contracts concerning Libra.

So, I don't understand what the U.S. Commodity and Futures Trading Commission has to do with Libra 

[ShadowCrypto]

Yes, let's see if all these bad things won't make Libra being developed, a lot of partners jumping out and a few governments against this coin.