The US Congress promised to continue to monitor the Libra cryptocurrencyChairman of the Financial Services Committee of the US House of Representatives, Maxine Waters, promised to continue exploring Facebook's cryptocurrency initiative.

The US Congress promised to continue to monitor the Libra cryptocurrency

House of Representatives Financial Services Committee Chair Maxine Waters Pledges To Continue Exploring Facebook's Cryptocurrency Initiative.

On August 23, Waters presented the committee's work plan for autumn Of 2019. Among other things it includes a commitment to further monitor the development of the Libra cryptocurrency, as well as the associated Calibra wallet.

In addition, the committee plans to hear company representatives and seek the views of the authorities and regulators. In particular, Waters mentioned Treasury Secretary Stephen Mnuchin, Bureau of Consumer Financial Protection Director Katie Craninger, Federal Housing Finance Agency Director Mark Calabria, and Federal Reserve Vice Chairman Randal Quarles..

In mid-June, Waters suggested that Facebook suspend Libra development. In July, she and other members of Congress raised their doubts at a hearing..

Mnuchin, for his part, said that the launch of Libra raises serious concerns in the context of monetary policy and stability. financial system, and terrorist financing, money laundering and drug trafficking. All this, he said, is a matter of national security..

Facebook claims they will not launch cryptocurrency until all doubts among regulators are removed.

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