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Sen. Brown Statement on Sale of Facebook's Stablecoin Diem
February 02, 2022
WASHINGTON, Feb. 2 -- Sen. Sherrod Brown, D-Ohio, issued the following news release on Feb. 1, 2022:

Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, released the following statement after the Diem Association announced its sale, signaling an end to Facebook's (now Meta) pursuit of a stablecoin product.

"Facebook ending its pursuit of Diem is good news for consumers. I still have major concerns with big t . . .

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