Tag Archives: regulation


Senators grill FTC over reported $5 billion Facebook settlement

Facebook’s reported $5 billion settlement with the FTC isn’t even official yet, but that isn’t stopping politicians from bristling at it. Senators Richard Blumenthal, Josh Hawley and Ed Markey (pictured) have sent a letter to the FTC requesting answ…


US Treasury has ‘serious concerns’ Libra could be used for terrorism

The US government views cryptocurrencies, including Facebook-backed Libra, as a national security issue. In a press conference today, Treasury Secretary Steven Mnuchin said the Treasury Department has "very serious concerns" that Lib…


Facebook won’t make Libra available until regulators are happy

Facebook is determined to reassure officials that its Libra cryptocurrency is above-board. As part of prepared testimony for a July 16th Senate hearing, Calibra head David Marcus has stressed that the social network won’t offer the virtual money unti…