Ocasio-Cortez Criticizes Corporate-Controlled Money in House’s Libra Hearing

New York Congresswoman Alexandria Ocasio-Cortez addressed the control of Facebook’s Libra cryptocurrency in today’s United States House Committee on Financial Services hearing.

As per a recording of the event, provided by C-Span on July 17, Ocasio-Cortez addressed Calibra wallet CEO David Marcus, asking, “[Facebook] wants to establish currency and act through its wallet as — at a minimum — a payment processor. Why should these activities be consolidated under one corporation?”

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