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Facebook's Libra to get close scrutiny from Congress, regulators

By Brian Baker ( June 25, 2019, 21:40 GMT | Insight) -- Facebook’s new digital currency deserves close examination from Congress and regulators, House Financial Services Committee Chairwoman Maxine Waters said today, while repeating her call for the company to halt development of the currency. “I’m trying to get ahead of it, to understand it and know what we need to do in case we believe that there are real serious consumer concerns,” Waters said during a press conference on a new financial technology task force. “It’s a huge idea about changing the system as we know it.”Facebook’s new digital currency deserves close examination from Congress and regulators, House Financial Services Committee Chairwoman Maxine Waters said today, while repeating her call for the company to halt development of the currency....

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