News US Lawmakers Ask Facebook to Suspend Libra Cryptocurrency

[Admin]

U.S. House representatives has called on Facebook to immediately suspend the development of its Libra digital currency. Facebook hasn't responded yet.

US Lawmakers Ask Facebook to Suspend Libra Cryptocurrency : Read more

 

[bit_user]

Even though Facebook intends to create a separate entity in Switzerland to handle everything related to Libra, which in theory means it should be bound only by Swiss laws

US lawmakers can restrict and regulate the use of Libra in the US, no matter where it's based. Running it out of Switzerland only protects foreign use of Libra from US regulators.

 

[ElectrO_90]

Congress wants to talk about it... What does Congress know? They can't even agree on helping people who are sick.

 

[f0xnewz]

During the height of the 2008 fiscal crisis, Waters helped arrange a meeting between the Treasury Department and top executives of a bank where her husband was a shareholder. Using her post on the House Financial Committee as leverage, she called Treasury Secretary Henry Paulson personally, asking him to meet with minority-owned banks.

When Treasury followed through, there was only one financial institution present: OneUnited. Had that bank gone under, the New York Times reported, Waters' husband would've lost as much as $350,000. Luckily for the Waters family, OneUnited received a cool $12 million in bailout funds.

 

[sykozis]

Congress wants to talk about it... What does Congress know? They can't even agree on helping people who are sick.

One side claims to want to help sick people while the other side claims to be helping sick people by trying to limit or remove access to health care for those sick people.... Congress, needs to be replaced. Too many have loyalty to money or large corporations. It doesn't matter what they know, or understand. What matters is their loyalty. Cryptocurrency has the potential to change the entire economic landscape. Unless it's regulated by Gov'ts, the change it has the potential to cause, is contrary to what is desired by those in power. With crypto-currencies having a limited number of "coins" available, the potential for a financial collapse is actually higher than under our current systems.

 

[bit_user]

During the height of the 2008 fiscal crisis,

What's the point of this?

First, you supplied no sources. Second, I don't see what it has to do with this story.