Top Senate lawmakers questioned Facebook’s plans for its own cryptocurrency, with the banking committee’s leading Democrat saying the social-media giant isn’t trustworthy enough to operate its own digital money
WASHINGTON—Top Senate lawmakers questioned Facebook Inc.’s plans for its own cryptocurrency, with the banking committee’s leading Democrat saying the social-media giant isn’t trustworthy enough to operate its own digital money.
Sen. Sherrod Brown on Tuesday said Facebook’s market power and concerns that it has failed to oversee abuses of its platform mean it can’t be given authority over a digital currency that could boost its role in online commerce.
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