Congress Demands Facebook Halt Work on the Libra Cryptocurrency

2019-7-3 18:31

High-ranking legislators in Congress have issued a thundering rebuke to Facebook’s cryptocurrency ambitions, demanding that the Mark Zucker-berg led firm “immediately cease” work on Libra until the government says otherwise.

House Democrats Demand That Facebook Halt Its Crypto Project In a letter published on July 2, Maxine Waters and other Democrats on the House Financial […]

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Difference of Libra and Crypto Noted In Congress as Bitcoin Gets Clear Distinction from Facebook’s Coin

Deliberations in Congress about Facebook’s Libra have shown that Congress may have a grasp of crypto and what it entails. During the hearing where Facebook was represented by its executive David Marcus, legislators made it a point to differentiate between cryptocurrency projects that are currently in existence and the project Facebook proposes to launch. One […]

2019-7-23 18:37


A Ban On Bitcoin Might Be Harder Than It Seems Due to a Simple Freedom of Speech Issue

Earlier today the US Congress asked Facebook to stop the development of their cryptocurrency Libra. Even though the move is unfair, the same thing might not be possible for Bitcoins. Members of Congress just sent this letter to Facebook asking them to officially stop development of Libra. Wait till Congress finds out they can’t send […]

2019-7-3 20:00