US lawmakers pan ‘Zuck buck’, want Facebook to rein in currency plan


  • TECH
  • Thursday, 18 Jul 2019

WASHINGTON: Facebook endured a second day of criticism from Congress over its plan to create a digital currency as senior House Democrats asked Facebook to scale back the project and threatened legislation that would block big tech companies from getting into banking. 

Facebook’s massive market power and its record of scandals, fines and privacy breaches were on trial at a hearing July 17 of the House Financial Services Committee. Lawmakers from both parties insisted they cannot trust the social network giant. 

Subscribe now and get 30% off The Star Yearly Plan

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.


Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read


Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a subscriber? Log In