Congress isn’t going to let Facebook’s cryptocurrency happen without a fight

This week, we’re talking to Marketplace reporters about what to expect from tech in the year ahead. Regulation is a big part of that conversation, and today we’re going to chat about cryptocurrencies, specifically Libra, the digital payments system and cryptocurrency proposed by Facebook earlier this year.

It seemed like Libra might be dead on arrival considering all the backlash, but lawmakers haven’t forgotten about it. There are a few bills being considered by Congress that could have an impact on Libra’s future, including who might regulate it.

I spoke with Nancy Marshall-Genzer, who reports on policy from Marketplace’s Washington, DC bureau, and asked her to tell me about the bills that have been proposed. The following is an edited transcript of our conversation.

Nancy Marshall Genzer: Here’s one, Molly, and let’s see if you can figure out what this law would do. It’s called “Keep Big Tech out of Finance,” and it would prohibit large…