Dec 4, 2020
The head of the House Financial Services Committee wants President-elect Biden to to rescind guidance by the OCC that national banks may hold stablecoin reserves as a service to bank customers.
Congresswoman Maxine Waters announced a tentative schedule for this fall including a continued review of Facebook's Libra initiative.
Jun 15, 2021
The announcement came in a hearing about central bank digital currencies.
Appearing on CNBC Thursday, the chair of the U.S. House Financial Services Committee doubled down on her calls for Facebook to halt Libra development.
House Financial Services Committee Chair Maxine Waters asked Facebook to halt development of its Libra crypto until hearings can be held.