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Yesterday @FSCDems held a hearing to examine Facebook’s proposed cryptocurrency, Libra, and its impact on consumers and the American financial system.https://www.facebook.com/repstephenlynch/videos/906482943030782/ …
Facebook has a long history of exploiting the privacy of its users’ data and selling it to their advertisers, and Facebook’s Libra cryptocurrency would similarly threaten users financial data.https://www.facebook.com/repstephenlynch/videos/906482943030782/ …
In addition to the regulatory and privacy issues Libra creates, there is a grave concern among Congress, Federal Reserve Chair Powell and Treasury Secretary Mnuchin about the effect Libra will have on the economy and the strength of the U.S. dollar.https://www.facebook.com/repstephenlynch/videos/906482943030782/ …
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