1. SOUNDBITE (English) Sen. Sherrod Brown, (D) Ohio: ++SHOT CHANGES DURING SOUNDBITE++
"But look what has happened everywhere that Facebook has run their social experiments on us. Their motto has been move fast and break things. They certainly have. They moved fast and broke our political discourse. They moved fast and broke journalism. They moved fast and helped incite a genocide. They ran... they moved fast and they're helping to undermine our democracy. Now Facebook asks people to trust them with their hard-earned paychecks. Takes a breathtaking amount of arrogance, a breathtaking amount of arrogance to look at that track record and think 'You know really what we really ought to do next? You know what we ought to do next? Let's run our own bank and our own for-profit version of the Federal Reserve and let's do it for the whole world'."
2. SOUNDBITE (English) David Marcus, Head of Calibra:
"We recognize we're only at the beginning of this journey. Federal Reserve Chairman Powell has said publicly that the process for launching Libra needs to be patient and thorough rather than a sprint to implementation. Secretary Mnuchin reinforced those views at his press conference yesterday. We strongly agree with both of them. We will take the time to get this right."
3. SOUNDBITE (English) Sen. Mike Crapo, (R) Idaho:
"Do you agree with me that the United States should lead in establishing the rules of the road and the legal oversight of Libra and similar digital currency initiatives?"
4. SOUNDBITE (English) David Marcus, Head of Calibra:
"Chairman thank you for your question. Yes absolutely. I agree that the U.S. should lead. And I want to reaffirm that we chose Switzerland not to evade any responsibilities of or oversight but rather because it is a well established international place with headquarters for WHO (World Health Organization), WTO (World Trade Organization) - even the BIS - the Bank of International Settlements. And despite the fact that the Libra association will be headquartered in Switzerland it will still register with FinCEN (Financial Crimes Enforcement Network) and as a result, will have oversight from U.S. regulators."