Top stories in the Crypto Roundup today: U.K. House of Commons committee expresses concern over Facebook's Libra, Poloniex exchange expands global offering through new Bermuda subsidiary and TRON’s Justin Sun forced to postpone charity lunch with Warren Buffett.

Bitcoin (BTC) is trading at the time of writing at $10,032.05 (-5.33%) with a daily volume of $4.07bn, while ether (ETH) is trading at $212.49 (-5.50%) with a daily volume of $1.60bn. The MVIS CryptoCompare Digital Assets 10 Index, it is currently tracking at 3,612.68 (-1.83%).

U.K. Parliamentary Committee Concerned Over Facebook's Libra

According to reports by Financial News, the U.K. House of Commons' Digital, Culture, Media and Sport Committee is concerned social media giant Facebook will gain too much power should it follow through with its plans to develop the controversial Libra stablecoin project.

“If we’re going to have this payment system created by Facebook that exists within a Facebook walled garden, which no one really has access to or can question, then our concern has got to be that this system is going to be open to massive fraud," Committee chair Damian Collins told the news site.

Collins' commentary comes a week after the head of Facebook subsidiary Calibra, David Marcus, testified to U.S. lawmakers for two consecutive days in relation to what Facebook intends Libra to become.

Goldman Sachs-Backed Circle to Offer Poloniex Through Bermuda Subsidiary

Poloniex—a cryptocurrency exchange owned by Goldman Sachs-backed Circle—announced in a post on Circle’s blog that it is expanding its global offerings “with the launch and regulatory licensing of a new subsidiary in Bermuda.”

Through its Bermuda-domiciled subsidiary (i.e., Circle International Bermuda), Poloniex is now “able to deliver new innovations, including asset listings and trading services, to global customers while also staying true to [its] commitment to compliant well-supervised operations and customer protections,” the announcement—authored by Circle cofounders Jeremy Allaire and Sean Neville—stated.

“Unfortunately,” Circle’s cofounders went on to note, it “will not be able to offer many of these new services” to customers residing in the U.S., a country with “regulatory limitations” when it comes to the cryptocurrency ecosystem.

TRON’s Justin Sun Forced to Postpone Charity Lunch With Warren Buffett

Citing an illness caused by kidney stones, the TRON Foundation announced its founder and chief executive, Justin Sun, was forced to postpone the so-called ‘Power of One’ lunch that he and up to seven other guests were slated to have with billionaire investor Warren Buffett later this week.

“Parties agreed to reschedule at a later date,” the TRON Foundation notified followers in a tweet published on 21:28 (UTC) on July 22. Guests known to have accepted Sun’s invite to the charity lunch—which he was recently awarded after having placed a winning bid worth $4.57 million—include Litecoin creator Charlie Lee, Circle chief executive Jeremy Allaire, Binance Charity head Helen Hai, and eToro chief executive Yoni Assia.

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