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Calibra

Facebook Continues to Face Intense Congressional Scrutiny at House Financial Service Committee Hearing

WASHINGTON, July 17, 2019 - Facebook’s digital currency platform Calibra continues to be the focus of intense congressional scrutiny. On Wednesday, it was from the House Committee on Financial Services. Chairman Patrick McHenry, R-N.C., said the committee wanted to make sure that Libra isn’t just a “ploy” to send Facebook’s Twitter mentions “through the roof.”… Keep Reading

Some on Senate Banking Committee Concerned About Facebook’s Venture Into Cryptocurrency With Calibra

WASHINGTON, July 16,2019- Facebook’s venture into cryptocurrency raised a high degree of concern among some members of the Senate Banking Committee at a hearing on Tuesday. Committee Ranking Member Sen. Sherrod Brown, D-Ohio., said Facebook is “dangerous” and that it does “all it can” to manipulate billions of users and generate profit. Brown also accused… Keep Reading

Broadband Roundup: Consumer Groups Oppose Project Libra, Comcast on Shapefile Mapping, Windstream Goes Wireless

The Hill reports that dozens of consumer advocacy groups have called for congressional committees and regulatory agencies to impose a moratorium on Facebook’s cryptocurrency project. Among the 33 groups include Public Citizen, the Electronic Privacy Information Center, the Economic Policy Institute and the Center for Digital Democracy. In their letter the groups wrote that the… Keep Reading

Broadband Roundup: Gigi Sohn on Wireless Mergers, Utah Ignite Lunch Launch, and New Global Crypto-Currencies

The political turmoil and guess-manship over the proposed T-Mobile/Sprint merger continues, with 10 state attorney generals filing a lawsuit in New York last week in a federal district court. Unusually, the Antitrust Division of the Department of Justice did not join the lawsuit. It’s not the first thing that’s unusual about this particular merger review.… Keep Reading

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