The U.S. Senate Banking Committee will host a hearing July 16 on Facebook’s cryptocurrency service, The Hill reports. Sen. Sherrod Brown, D-Ohio, a member of the committee, said he has concerns over Facebook’s project. "We cannot allow Facebook to run a risky new cryptocurrency out of a Swiss bank account without oversight," Brown said. "I’m calling on our financial watchdogs to scrutinize this closely to ensure users are protected." A Facebook spokesperson said the company looks forward to answering questions about the service as the process moves forward.
Full Story
Comments
If you want to comment on this post, you need to login.