US Congress Requests Moratorium on Facebook’s Libra Stablecoin By Cointelegraph


US Congress Requests Moratorium on Facebook’s Libra Stablecoin

The United States House of Representatives Committee on Financial Services requested Facebook (NASDAQ:) and its partners to stop the development of the Libra stablecoin

In a July 2 letter addressed to Facebook CEOs Mark Zuckerberg and David Marcus, and COO Sheryl Sandberg, the lawmakers request that Facebook and its partners immediately agree to a moratorium on the development of Libra and its dedicated Calibra wallet.

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