Waters Tries to Block Libra Redux
Reflecting long-held Democratic concerns over Big Tech’s crypto plans, HFSC Ranking Member Waters (D-CA) late yesterday sent a letter to Meta Platforms CEO Mark Zuckerburg and COO Javier Olivan once again raising strong objections to Meta’s potential expansion into digital assets. The letter highlights that several of the company’s recent patent applications relate to digital-asset services and blockchain technology, seemingly contradicting Meta’s recent assertions to HFSC Democrats that it is not working in this arena.