Facebook Is Like A Toddler Who Has Gotten His Hands On A Book Of Matches Senator Blasts Cryptocurrency Plan
The president, the treasury secretary, and the Federal Reserve chairman have all voiced concerns about Libra, and lawmakers have questioned how the cryptocurrency will be adequately regulated. Brown, a Democrat, focused much of his critique during Tuesday’s hearingon the company’s record of scandals. Mentioning Facebook’s destructive impact on the news industry and how it was used toincite genocide against Myanmar’sRohingya ethnic minority, Brown offered a stinging rebuke of the company during the hearing, held by the Senate Committee on Banking, Housing, and Urban Affairs....