US Lawmakers Call to Halt Facebook’s Centralized Digital Identity/Blockchain/Cryptocurrency ‘Libra’ Project

U.S. lawmakers are formally calling on Facebook to cease all development of its Libra cryptocurrency in a new letter sent to executives at the social media giant, citing “It appears that these products may lend themselves to an entirely new global financial system that is based out of Switzerland and intended to rival U.S. monetary policy and the dollar.”



Walmart is the latest to join the new growing trend of the the establishment and use of digital identities, via attestations and already established consumer databases. Companies such as Mastercard, Bank of America, Facebook/”Libra”, Ontology, EOS, Cardano, Piiggy Bank, Coinbase, and more, all have functional products digital identity projects, or products that will be released soon.

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