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



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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