US lawmakers issue letter to halt Libra development

US lawmakers issue letter to halt Libra development

US Congressional Committee is officially seeking Facebook to stop the development of Libra cryptocurrency until lawmakers investigate the possible risk it may bring across the global financial system. The letter was sent by Rep. Maxine Waters, the chairwoman of the House Financial Services Committee.

KCooper
KCooper
Randy Souse-Git
Randy Souse-Git 6 months

Holy carp. Mad Maxine did something right? Nah, bet she just wants a free pile of the stuff when it launches. #CryptoFlimFlam.

Oliver Biscuit
Oliver Biscuit 6 months

Just do us all a favour and regulate the fuck out of social media companies.

Paul C
Paul C 6 months

Rep. Waters, thank you kindly for looking out for us anonymous Facebook users. One thing though, how does this help the thousands upon thousands of homeless people sleeping on the streets of your district? Really appreciate it if you could help me understand your plan.

Erik
Erik 6 months

Congress: about 10 years late, as always. The risk to the financial system is great if not fatal. There, saved you all some money for a committee full of people with 0 knowledge about technology.

Top in Crypto
Get the App