Facebook's cryptocurrency initiative was announced on June 18th, and this week Facebook exec David Marcus testified in front of Senate about it. The speed at which Facebook's Libra got on the radar of every US regulator was remarkable.While the sentiment from government officials has been mixed, what's been most interesting to us is regulators seem to be more concerned about the fact that Facebook is behind it rather than that it's a cryptocurrency. There's been thoughtful dialogue about the different characteristics different cryptocurrencies hold among many regulators, which bodes well for the future of our industry.