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Rep. Waters Says Congress Will Continue Review of Facebook’s Libra

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The chairwoman of the U.S. House Financial Services Committee has said that the body will continue scrutinizing Facebook’s cryptocurrency, Libra.

Congresswoman Maxine Waters (D-CA) released a statement on August 23 that provided a planned schedule for fall 2019. Included on the list is  a pledge to carry on with a review of Libra as well as the wallet software being developed by Calibra, a Facebook subsidiary.

Waters has long called for more regulatory scrutiny of the Menlo Park-based social media giant’s leap into the digital asset space.

In June, Waters called for a moratorium and congressional examination of the ...

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