The US Senate soon hoped to vote on the law to regulate the payment stabackoin, two senators introduced MATA CEO Mark Zuckerberg to answer questions about the company’s possible plans.
In a Wednesday letter to Zuckerberg, Senator Elizabeth Warren and Richard Blutenlle Said It was “more important than ever before the Congress and the public understand that the limit of meta plans is fully understood”, for Stabecrim, looking at the size of the tech company and Expected votes on talent act In the Senate.
Both MPs asked the CEO to provide information about any companies, with which Meta may have consulted about Stabelines in 2025 and it can have any effect on the Stabecrim bill in the Senate.
In particular, Warren and Blutenlle brought Facebook’s Libra and Dayam Stabecrim projects, which the company closed amid widespread opposition from international regulators. In the letter, the senators expressed concern about US President Donald Trump, which is issuing exemption to META under the Genius Act, allowing the company to allow the “seedstap” rules imposed on other stabelcoin issuers.
“If Meta controls its own stabeloin, the company may proceed to consumers’ transactions and commercial activity,” the senators wrote. “Large -scale consumer data can help to mud the meta fuel monitoring pricing schemes, more infiltration targeted advertisements on its platform, or otherwise the company can help third -party data brokers to mudlify sensitive personal information through sales.”
The report after the letter stating that the meta was Discovery of integration Stabelcoin payment in its platforms, including Facebook, Instagram, Threads, Messenger and WhatsApp. Can the company intend to use StableCoin from issuers like Titu or Circle – USDT and USDC respectively – or it was not clear to pursue your own project at the time of publication.
Connected: Meta’s Stabechoin project died ‘100% of a political murder’ – East Dayam Boss
This is a developing story, and further information will be added as it is available.
