david marcus over the proposed stable coin, one that some analysts say could users tothe platform's create a global currency. i want to bring in the ceo of ripple and protect's -- and bloomberg tech's kurt wegnero was in the hearing. >> i think they have taken a very bold, ambitious effort, which is part of what makes silicon valley great. i think there is a little bit may be more than ambitious, maybe arrogant. the white paper articulates it is a new currency. i think the u.s. dollar works pretty well. this is a moment where i agree with the president. we don't need a new fiat currency. there might be some smaller markets, the argentinian peso, that might make sense. , a way they rolled it out lot of headwinds, turbulence. we talked about the level of skepticism and ire. one lawmaker comparing it to 9/11 and the level of danger. what happens next? >> that is to facebook to figure out. we have this group of 28 partners that will be part of the libra association that oversees the currency. there is no charter for that, no payments have been made. need toook's side, they get their team together to get this move right now, it is an idea but not something that is tangible. emily: do you think the