The lawmakers said the risks from Zuckerberg's crypto plans “are even more glaring in light of Facebook’s troubled past”
, the House Financial Services Committee asked Facebook and its partners to “immediately agree to a moratorium on any movement forward on Libra—its proposed cryptocurrency and Calibra—its proposed digital wallet.” Citing the cryptocurrency's “inten[tion] to rival U.S.
“Because Facebook is already in the hands of a over quarter of the world’s population, it is imperative that Facebook and its partners immediately cease implementation plans until regulators and Congress have an opportunity to examine these issues and take action,” the letter, which was signed by Financial Services chair Rep.
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