US Lawmakers Push Back on Facebook’s Novi Wallet Launch

Posted on by American Coins & Gold

US Lawmakers Push Back on Facebook’s Novi Wallet Launch
WASHINGTON, D.C. — A group of U.S. lawmakers say Facebook cannot be trusted to launch a digital currency.In a Tuesday missive, U.S. Senators Brian Schatz (D-Hawaii), Sherrod Brown (D-Ohio), Richard Blumenthal (D-Conn.), Elizabeth Warren (D-Mass.) and Tina Smith (D-Minn.) ordered Facebook CEO Mark Zuckerberg to “immediately discontinue the company’s pilot of Novi” and end its work on the Diem stablecoin project.The lawmakers said Facebook cannot be trusted to protect user data or manage a payments network in an open letter Tuesday, just hours after Facebook announced it was launching a pilot program for its Novi wallet subsidiary in the U.S.…