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| In meme we trust

Facebook was to launch their coin today but apparently the US Congress will have none of it 🙅🏽‍♀️

I thought it must be too good to be true; and I guess billions of people being forcefully introduced to crypto via a centralized, censored stable coin backed by the most trustworthy (sarcasm) social marketing tool in history just isn't going to happen in a matter of weeks from it's introduction.

The Juice

House Financial Services Chairwoman Maxine Waters on Tuesday called on Facebook executives to testify before her committee and urged the social media giant to hold off on plans to develop a new digital currency that's drawing increasing scrutiny from Congress.

In a statement, the California Democrat said Facebook was "continuing its unchecked expansion and extending its reach into the lives of its users" with the announcement of its new "Libra" cryptocurrency. The company, she said, "has repeatedly shown a disregard for the protection and careful use" of its users' data.

(SOURCE): https://www.politico.com/story/2019/06/18/maxine-waters-facebook-hearing-1539475

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My personal opinions are not to be taken as financial advice.

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