Facebook faces sharp questions at US Senate hearing

Jamie McKane

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Facebook faces sharp questions at US Senate hearing

Republican and Democratic Senators sharply questioned Facebook Inc.’s plan to create its own digital money, adding to a chorus of complaints from across Washington and underscoring the challenges the company faces in getting its cryptocurrency off the ground.

Senator Sherrod Brown, the top Democrat on the Senate Banking Committee, compared Facebook to a toddler playing with matches who risks burning a house down.

[Bloomberg]
 
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