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Facebook Asked to Stop Libra Implementation by US House of Representatives

• frequentnapper 7y ago
  "These risks are even more glaring in light of Facebook’s troubled past, where it did not always keep its users’ information safe. For example, Cambridge Analytica..." ouch!
  • iafrikan 7y ago
    It stings and it is a valid concern.
• loceng 7y ago
  Maybe the House of Representatives will have their attention drawn to crypto-"currencies" next because of this.
  • bdcravens 7y ago
    Libra may be cryptocurrencies' Pearl Harbor moment. "I fear all we have done is to awaken a sleeping giant and fill him with a terrible resolve" (yes, I know the veracity of the quote is questionable)
• bdcravens 7y ago
  Not exactly an "order": > "We write to request that Facebook and its partners immediately agree to a moratorium ..." That said, it's very telling that Libra isn't even released, and Bitcoin has been around for ten years, yet the lawmakers have never said this about Bitcoin: > "It appears that those products may lend themselves to an entirely new global financial system ... intended to rival US monetary policy and the dollar"
  • jacques_chester 7y ago
    "Ordered" makes for a more dramatic headline. Add the usual misunderstandings about the mechanisms of the legal system and it all looks the same to a lot of folks.
  • dang 7y ago
    Ok, we put 'asked' in there instead.