Silver as an investment

Five U.S. Senators Tell Zuckerberg that Facebook Can’t Be Trusted and to Back Off His Crypto Plans

Five U.S. Senators Tell Zuckerberg that Facebook Can’t Be Trusted and to Back Off His Crypto Plans

Pam Martens and Russ Martens: October 19, 2021 ~ Today, five Democratic Senators, including the Chair of the Senate Banking Committee, Sherrod Brown, sent a scorching letter to Mark Zuckerberg, Chairman and CEO of Facebook, telling him that Facebook “cannot be trusted to manage a payment system or digital currency when its existing ability to manage risks and keep consumers safe has proven wholly insufficient.” The letter demanded that Zuckerberg back off plans to launch a cryptocurrency and digital wallet. The letter was authored by Senators Brian Schatz (D-Hawaii), Sherrod Brown (D-Ohio), Richard Blumenthal (D-Connecticut), Elizabeth Warren (D-Massachusetts), and Tina Smith (D-Minnesota). The Senators wrote: “Given the scope of the scandals surrounding your company, we write to voice our strongest opposition to Facebook’s revived effort to launch a cryptocurrency and digital wallet, now branded ‘Diem’ and ‘Novi,’ respectively. In October 2019, Senators Schatz and Brown wrote to members of the Diem … Continue reading