“Given the company’s troubled past, I am requesting that Facebook agree to a moratorium on any movement forward on developing a crypto-currency until Congress and regulators have the opportunity to examine these issues and take action,” said Democratic congresswoman Maxine Waters.

She cited the firm’s history of controversies involving user-data among her concerns, and called on Facebook’s executives to testify before her committee.

…US Senator Sherrod Brown, who sits on the Senate Banking Committee, said he thought Facebook had become “too big and too powerful”.

“We cannot allow Facebook to run a risky new crypto-currency out of a Swiss bank account without oversight,” he said in a statement.

Facebook urged to pause Libra crypto-currency project – BBC News

hmmm