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US Lawmaker Calls Libra’s Revamp Insufficient

17/04/2020 19:07

The Libra Association’s watered-down plan to issue digital versions of existing currencies has failed to appease at least one U.S. lawmaker. Rep. Sylvia Garcia, a member of the House Financial Services Committee, said Thursday that the consortium’s revised roadmap “does not address the concerns I raised” in the past. “There are simply too many questions left unanswered regarding why Facebook is even developing a cryptocurrency and how it will affect the global economy and consumers,” the Texas Democrat said in a statement. (Strictly speaking, Facebook set up the Libra Association last June, and its Calibra subsidiary is one of 22

The post US Lawmaker Calls Libra’s Revamp Insufficient appeared first on One Crypto News.