Libra Hearing | Public Citizen President warns Libra Association may form a monopoly

Robert Weissman, president of Public Citizen, said that the Libra Association may have a lot of power. It has its own monopoly organization of cartels. If it develops, it may create a giant of corporate surveillance. Some Members asked if another company, such as General Electric, would like to introduce cryptocurrencies, would it be as vigilant as Libra. Weissman said, no. No company has 2 billion users worldwide like Facebook.