Chairman of the US House Financial Services Committee: The United States cannot allow Libra to compete with the US dollar

Maxine Waters, chairman of the US House Financial Services Committee, called on Facebook to suspend the development of its blockchain Libra. Waters said: "Facebook should stop what they are doing now. This is very important. We must protect our consumers. We can't let them go to Switzerland and compete with the dollar." Waters said it will take action actively and quickly. .