Rep. Cleaver Calls for Federal Investigation of Facebook's Proposed Cryptocurrency
August 27, 2019
August 27, 2019
WASHINGTON, Aug. 27 -- Rep. Emanuel Cleaver, D-Missouri, issued the following news release:
Today, United States Representative Emanuel Cleaver, II (D-MO) sent a letter to Facebook, Calibra, the Financial Stability Oversight Council (FSOC), and the Office of Financial Research (OFR), urging the financial regulators to proactively examine Facebook's proposed cryptocurrency (Libra) and digital wallet (Calibra) for possible systemic risk. Cleaver also calls for Facebook and Calibra to . . .
Today, United States Representative Emanuel Cleaver, II (D-MO) sent a letter to Facebook, Calibra, the Financial Stability Oversight Council (FSOC), and the Office of Financial Research (OFR), urging the financial regulators to proactively examine Facebook's proposed cryptocurrency (Libra) and digital wallet (Calibra) for possible systemic risk. Cleaver also calls for Facebook and Calibra to . . .