"The way they rolled it out ... it was just so in your face," R3's CEO David Rutter said at a recent conference.
Mark Zuckerberg is going to Washington this month, where he'll face lawmakers who are skeptical of Facebook's cryptocurrency venture.
The US Federal Reserve will hold Facebook cryptocurrency to high standards for protecting consumers and regulation
The US Senate Banking Committee plans to hold a hearing on Facebook's newly announced Libra cryptocurrency project on July 16, Reuters reported.
Libra, a new cryptocurrency created in part by Facebook, isn't launching until 2020, and there are still a few unanswered questions.