Maxine Waters Urges Facebook to Drop Libra Until It Fixes Other Issues
House Financial Services Committee Chairwoman Maxine Waters said Facebook Inc. should cease work on its cryptocurrency project until the company addresses a series of unrelated “deficiencies” in its social-media business.
Waters, speaking at a Wednesday hearing featuring Chief Executive Officer Mark Zuckerberg, cited Facebook’s misappropriation of users’ personal data, its role in allowing Russia to influence the 2016 presidential election and the spread of polarizing political ads on its platform that have pitted Americans against each other.