US Senators worry that Facebook and others will enter the financial world without regulatory agencies setting appropriate rules.

In an interview with US Senator Mark Warner, he expressed concern about the technology giant's entry into the financial world without the regulatory rules in place. “I’m worried, when we have (appropriate rules), whether it’s Libra or Google’s proposal for the banking industry, the technology giants have entered these new areas before the regulatory rules are introduced, because they’re getting out of the way. Almost impossible."