Facebook's ambitious cryptocurrency plan Libra is running into heavy opposition from the Democrats of Congress..
Democrats are asking Facebook to put Libra, its ambitious cryptocurrency project, on hold. Members of the House Financial Services Committee wrote to the company to ask for a moratorium on the development of Libra. They want time to explore concerns including hacking, national security, and risks to global financial security. Democrats on the US House Financial Services Committee have asked Facebook to put its cryptocurrency plans on hold in a new setback for the nascent project.
Democrats are asking Facebook to put Libra, its ambitious cryptocurrency project, on hold. Members of the House Financial Services Committee wrote to the company to ask for a moratorium on the development of Libra. They want time to explore concerns including hacking, national security, and risks to global financial security. Democrats on the US House Financial Services Committee have asked Facebook to put its cryptocurrency plans on hold in a new setback for the nascent project.
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