Libra: US Congress asks Facebook to pause development
by Alex Hern from Technology | The Guardian on (#4JDWK)
Legislators say they need time to investigate cryptocurrency and its potential impact
The US Congress has asked Facebook to pause development on its Libra cryptocurrency until lawmakers have had more time to investigate the ramifications of the company's actions.
In a letter from the Democratic head of the house committee on financial services, congresswoman Maxine Waters, and the heads of its subcommittees, the legislators ask the company to "immediately cease implementation plans".
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