Brown: Federal Reserve Must Protect Economy and Consumers From Facebook's Monopoly Money
July 10, 2019
July 10, 2019
WASHINGTON, July 10 -- Sen. Sherrod Brown, D-Ohio, issued the following news release:
U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - is demanding the Federal Reserve provide detailed answers to how they will upgrade the payments system to prevent critical economic infrastructure from being controlled by powerful special interests.
In June, Facebook unveiled details of its proposed currency, Libra. Th . . .
U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - is demanding the Federal Reserve provide detailed answers to how they will upgrade the payments system to prevent critical economic infrastructure from being controlled by powerful special interests.
In June, Facebook unveiled details of its proposed currency, Libra. Th . . .