Diesen Artikel teilen
US Senators Seek Information on Facebook's 'Libra' Crypto Project
The U.S. Senate Banking Committee wants to know more about Facebook's crypto project.
Von Nikhilesh De
The U.S. Senate Banking Committee is clearly concerned about Facebook's new cryptocurrency project and how it is treating individuals' financial information.
The banking committee wrote an open letter to Facebook founder and CEO Mark Zuckerberg Thursday, asking him to share details about its secret cryptocurrency project, with a particular focus on consumer privacy.
STORY CONTINUES BELOW
Verpassen Sie keine weitere Geschichte.Abonnieren Sie noch heute den Crypto Daybook Americas Newsletter. Alle Newsletter ansehen
"Last year, Facebook asked U.S. banks to share detailed financial information about consumers," the letter says:
"In addition, privacy experts have raised questions about Facebook's extensive data collection practices and whether any of the data collected by Facebook is being used for purposes that do or should subject Facebook to the Fair Credit Reporting Act."
In light of these concerns, the committee wants Zuckerberg to outline how the Facebook cryptocurrency, referred to under the codename of "Project Libra," would work; what outreach Facebook has done to financial regulators; and what users can expect in terms of privacy and consumer protection.
More broadly, the committee has asked Facebook to share what consumer financial information has been shared by banks and other financial institutions; what Facebook does with that information (including whether that information is shared or sold to other third parties); whether Facebook has credit rating and other personal information about individuals; and how Facebook avoids violating the Fair Credit Reporting Act.
Little is known about Project Libra. The company quietly began building up a blockchain research team last year, headed up by vice president and former Coinbase board member David Marcus.
The company has posted numerous job listings for the team since, and notable figures in the space such as crypto economist Christian Catalini, a researcher with MIT, have also joined the project.
The company is reportedly looking to raise as much as $1 billion for the project to use as collateral to back a stablecoin.
Mark Zuckerberg image via Frederic Legrand - COMEO / Shutterstock
Mehr für Sie
Was Sie wissen sollten:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Mehr für Sie
Bank of Japan Set to Hike Rates to 30-Year High, Posing Another Threat to Bitcoin
Rising Japanese rates and a stronger yen threaten carry trades and could pressure crypto markets despite easing U.S. policy.
Was Sie wissen sollten:
- According to the Nikkei, the Bank of Japan (BoJ) is set to increase interest rates to 75bps, the highest level in 30 years.
- Rising Japanese funding costs, alongside falling U.S rates, could force leveraged funds to reduce carry trade exposure, increasing downside risk for bitcoin.
Top Stories
