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Maxine Waters calls for moratorium on Facebook’s Libra cryptocurrency

By Daniel Chaitin
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Maxine Waters calls for moratorium on Facebook’s Libra cryptocurrency

House Financial Services Chairwoman Maxine Waters called on Facebook to temporarily halt its plans to roll out a new cryptocurrency called Libra.

Citing the social media giant’s past struggles with protecting data and users, the California Democrat called for a wave of oversight before Facebook commits to the project.

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Congress Cryptocurrency Facebook House Financial Services Committee Maxine Waters