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US Congressman Brad Sherman says Facebook’s Libra cryptocurrency 'may do more to endanger America' than 9/11

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Facebook's plans to create a new digital currency are facing heavy criticism — but this is a whole new level.

A US congressman claimed Facebook's Libra cryptocurrency"may do more to endanger America" than 9/11. At a House hearing on Facebook's plans on Wednesday, Brad Sherman was intensely critical of the tech giant's proposal to create a digital currency. Since its announcement in June, Libra has faced broad skepticism from lawmakers. Visit Business Insider's homepage for more stories.

A US congressman claimed Facebook's Libra cryptocurrency"may do more to endanger America" than 9/11. At a House hearing on Facebook's plans on Wednesday, Brad Sherman was intensely critical of the tech giant's proposal to create a digital currency. Since its announcement in June, Libra has faced broad skepticism from lawmakers. Visit Business Insider's homepage for more stories.

 

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