In addition, she wants Facebook to “agree to a moratorium on any movement forward on developing a cryptocurrency until Congress and regulators have the opportunity to examine these issues and take action. Facebook executives should also come before the Committee to provide testimony on these issues.”
The Senate Committee on Banking, Housing and Urban Affairs will also hold a separate hearing on Facebook’s proposed digital currency and data privacy consideration on July 16.
In an e-mailed statement to The Hill, a spokesman for Facebook wrote, “We look forward to responding to lawmakers’ questions as this process moves forward.”
David Marcus, the co-creator and head of Project Libra, is expected to attend the congressional hearings.
