Facebook hires two famous Washington lobbying companies to ease regulatory concerns about Libra

In view of the concerns of legislators and regulators that Libra will bring additional risks to the financial system, in addition to the internal lobbying team, Facebook has hired two lobbying companies, Sternhell and Cypress, who have extensive experience in Washington's financial services, to handle the Libra project. problem. In addition, Facebook has commissioned Davis Polk to help address regulatory concerns in the Libra project.