Vice Chairman of the US Senate Banking Committee: It is wise for the payment company to withdraw from the Libra project.

Sherrod Brown, vice chairman of the US Senate Banking, Housing and Urban Affairs Committee, said that some partners have withdrawn from the Libra project: "It is wise for large payment companies to avoid legalizing Facebook's private global currency. Facebook is too big, too Strong, it is unreasonable for financial companies to help it monopolize our economic infrastructure. I believe others will see it sensible to avoid such inconsistencies." Note: Sherrod Brown joined another member of Congress Brian this week. Schatz sent a letter to Mastercard, VISA and Stripe, urging them to reconsider their cooperation with the Facebook Libra cryptocurrency project. All three companies have now withdrawn from the Libra project.