March 4, 2024

US Senators put pressure on Libra project participants

US senators put pressure on participants in the Libra project

According to Bloomberg, US senators have sent letters to Visa, Mastercard and Stripe advisingpayment giants should not get involved with the Libra project.

Recall that recently, PayPal officially left the project, saying that it fears possible regulatory consequences.

The senators report said:

Facebook is currently engaged insolving serious problems – privacy violations, disinformation, election interference, discrimination and fraud – and she showed little ability to control the situation. You must remember that any problems in Facebook's risk management systems will become problems in your systems.

One of the authors of the letter, Sherrod Brown, isprominent democrat in the Senate Banking Committee. Brown now suggests that a general distrust of Facebook could turn into a distrust of his financial activities.

Based on