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2019-07-03 06:24:43

U.S lawmakers express concern over Libra in letter to Zuckerburg

A contingency of American lawmakers have expressed their concern over Facebook’s Libra initiative through a letter addressed directly to the social media giant’s CEO, Mark Zuckerburg. The letter addressed to other leaders of the planned crypto project as well, called on the corporation to drive to a halt its planned launch of the Libra currency. The company’s schedule places the expected official launch somewhere close to 2020. “It appears that these products may lend themselves to an entirely new global financial system that is based out of Switzerland and intended to rival U.S. monetary policy and the dollar,” the Congressmen