Jul 3, 2019
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US Democrats Call For Facebook’s Libra Stablecoin To Be Put On Pause

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Since Facebook’s official announcement of its upcoming Libra stablecoin, there have been controversies, theories, hate and love floating around the crypto space. There have even been government authorities which have called for the social network to hit pause on its plan to develop a cryptocurrency payment platform like Libra/Calibra, which is exactly what a group of Democrats on the House Financial Services Committee is doing.

The lawmakers, whose panel will hold a hearing later in July in regards to project Libra, wrote a letter to company executives on Tuesday and expressed their worries with the cryptocurrency’ security and oversight while stressing the need to protect user’s privacy and fend off hackers.

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