Meta Considers Token Rollback as Senator Warren Calls for Big Tech Stablecoin Ban
After facing significant regulatory scrutiny, Meta decided to reassess its strategy concerning stablecoins following the halt of its initial cryptocurrency project, Libra, which was later renamed Diem before being abandoned in 2022. The increased interest in stablecoins has sparked new worries among U.S. policymakers, notablySenatorElizabethWarren,whoisurgingthatBigTechcompaniessuchasMetabeexcludedfromlaunchingtheirownvirtualcurrencies. Meta’s communication director, Andy Stone,… Read More »Meta Considers Token Rollback as Senator Warren Calls for Big Tech Stablecoin Ban