Recently, a six-member delegation of the Financial Services Committee of the US Congress held a meeting with the Swiss authorities on the Libra project. The head of the Committee and the delegation, Democrat Maxine Waters, said that, unfortunately, the discussions with the Swiss did not eliminate his concerns.
She said she still has doubts about
“Allowing a large technology company to create a privately controlled alternative global currency.”
While the meetings with the Swiss were “useful for understanding the status, complexity and scale of Facebook’s plans,” Waters added:
“I look forward to continuing our investigations and analyzes in Congress. We will look at money laundering and other issues within the Committee’s jurisdiction. ”
The analysis continues
Members of the Financial Services Committee of the US House of Representatives met last week with officials from the State Secretariat for International Financial Issues (SIF), the Federal Commissioner for Data Protection and Information (FDPIC), the Financial Market Supervisory Authority (FINMA). , as well as with the Swiss legislators. The purpose of the meeting was to discuss and analyze Libra currency.
Waters’ statement came just days after the US Congress unveiled a program for the fall of 2019, in which it committed to continue analyzing Libra and the portfolio service developed by Facebook’s Calibra branch.