Maxine Waters asks Facebook to halt new cryptocurrency


CHERYL: THIS COULD BE A RECORD, NO SOONER DID FACEBOOK MAKE A BIG ANNOUNCEMENT ON A CRYPTOCURRENCY, LIBRA, MAXINE WATERS ASKED THE COMPANY TO HIT THE PAUSE BUTTON. WATERS RELEASED A STATEMENT, SAYING GIVEN THE COMPANY’S TROUBLED PAST, I’M REQUESTING THAT FACEBOOK AGREE ON A MORATORIUM ON MOVING FORWARD TO DEVELOPING A CRYPTOCURRENCY UNTIL CONGRESS AND REGULATORS HAVE A CHANCE TO LOOK AT IT. WHAT DID YOU MAKE OF THE ANNOUNCEMENT YESTERDAY. SEEMS LIKE MANY ARE EXCITED ABOUT THE BUSINESS PLATFORM FOR FACEBOOK.>>IT WAS AN OFFENSIVE AND DEFENSIVE MOVE FOR ZUCK AND FACEBOOK. THE BIG QUESTION IS HOW CAN THEY MONETIZE OUTSIDE OF DIGITAL ADVERTISING. THIS IS SOMETHING THAT MAKES SENSE ON PAPER. THEY’VE GOT STRONG BACKING IN TERMS OF PARTNERS. NOW IT COMES DOWN TO CAN THIS ACTUALLY SUCCEED WITH CONSUMERS. THAT’S GOING TO BE THE QUESTION. CHERYL: MAXINE WATERS,ISM SURE IT WILL BE ASKED, WHO WILL BE THE OVERSIGHT. IS IT THE S.E.C.? IS IT TREASURY? CURRENCIES WOULD BE — THAT’S A CENTRAL BANK ISSUE AROUND THE WORLD. WE KNOW WHO MANAGES CURRENCIES. WHO WOULD MANAGE THIS?>>THAT CONTINUES TO BE A HOT POTATO, WHO IS GOING TO MANAGE IT. THAT’S WHY RIGHT NOW — YOU KNEW THERE WOULD BE TALK FROM THE BELTWAY ONCE FACEBOOK CAME OUT WITH IT. REALISTICALLY, I THINK THE JURY IS STILL OUT IN TERMS OF WHO WILL BE THE OVERSIGHT THERE. FOR INVESTORS, FOR FACEBOOK, IT SHOWS THE COMPANY IS ON THE OFFENSIVE. AND FOR THE FIRST TIME, IT FEELS LIKE THEY NOW ARE STARTING TO HUM, NOTICE JUST IN TERMS OF THEIR CORE BUSINESS, BUT STRATEGICALLY IN TERMS OF DIVERSIFYING. CHERYL: CRYPTOCURRENCY, WE TALK ABOUT BITCOIN A LOT AND THIS IS A DIFFERENT TYPE OF CRYPTOCURRENCY, IS THIS BAD FOR BITCOIN? WE SAW PRESSURE ON THE BITCOIN CONTRACT YESTERDAY ON THE ANNOUNCEMENT.>>SOME WOULD ARGUE IT COULD BE A LIGHTNING ROD POSITIVE FOR CRYPTOCURRENCY AS IT WOULD LEGIT MISE THE LESE THE LEGI THE LEGITMHE LEGITMIZE THE DIGITAL CURRENCY. CHERYL: REGULATION WILL BE AN ISSUE, AS WELL AS DAY A TAKE PRIVACY. WE HAVE THE FLAK IPO COMING UP THIS WEEK. IT’S GONE UNDER THE RADAR BUT WE HAVEN’T SEEN THE FAN FARE FOR THIS ONE. THIS COULD BE A SOLID IPO.>>IT’S ONE OF THE MOST DISRUPTIVE TECHNOLOGY PLAYS IN ENTERPRISE IN THE LAST FIVE TO SEVEN YEARS. YOU’VE SEEN WHAT THEY HAVE DONE WITH MICROSOFT ON COLLABORATION SOFTWARE. IT SPEAKS TO — TAKE A STEP BACK. LOOK AT CLOUD, LOOK WHAT’S HAPPENING IN ENTERPRISE, ONE OF THE MOST MASSIVE SECULAR TRENDS. YOU LOOK AT INVESTORS FOCUSING ON CLOUD AS A THEME, WITH FLAK FRONT AND CENTER. CHERYL: IT’S A COMMUNICATION TOOL COMPANIES ARE USING AROUND

100 thoughts on “Maxine Waters asks Facebook to halt new cryptocurrency”

  1. The Zuck will never allow his plans to be foiled. He will stop our government unfortunately with lots of money.

  2. Screw FB and Zuck, corporate overlords attempting taking over the financial systems to control all of our financial services. Vote no on Libra.

  3. NEVER trust Mark Zuckerberg with anything. He is David Rockefeller's grandson and a globalist operative.

  4. I bet Maxine is worried about her bitcoin investment. How do you think these politicians get rich? Regulations on everything they are not investing in.

  5. Whenever I think of complex, mathematical, high technology issues, the first person that pops into my mind is…Maxine Waters.

  6. I am so thoroughly disgusted by the detestable garbage and hate that madmaxine has spewed into our Political System that even when she does something I like to see being done, I give her no props. She has caused more damage than she could ever balance. She is beyond redemption in the Political sphere. If she had any honor at all she'd have resigned, but she doesn't have any honor…….. she does however have a huge bank account………she is worth a lot more than her pay would indicate…….

  7. my question is on taxes. States impose taxes on any place that a hard building. Will taxes be collected on that idea? Also, the initial IPO on this will it be as expensive as bitcoin?

  8. Why? Because Maxine has one coming out? What has she called her crypto currency? The "James Brown wants his hair back" fiddy cent!

  9. I don't trust facebook, so why the hell would I trust their pretend currency?
    I wouldn't.
    Your invisible being and my invisible being may not be the same, but in America, In god we trust. Not facebook.

  10. Facebook wants to take over everything, takes away our privacy, our 1st Amendment Rights, is now wanting to take over our Monetary System. They want to own the World. Would never trust FB for anything.

  11. No cryptocurrency is ligitiment. Thus the name "crypto".
    In other words, it's empty!
    Further, who can guarantee its security from theft or evaporation through hacks, targeted cyber attacks, network system attacks, electromagnetic pulse or another serious solar hiccup . . .

  12. Well there you go Maxine water another waste desk and fix the things so her bank where her husband runs it could make money another punk us suck in garbage

  13. I tried to tell everyone . Wait until govern goes broke . They will regulate and outlaw all blockchain .

  14. if you think this petrified 💩head gives a 💩about the consumer your deadly wrong.She wants a big payday for her consent.should be locked up and will be hopefully sooner than later

  15. Cryptocurrency is a Ponzi Scheme. It's not backed by anything. And not everybody takes it. So you have to cash out to Dollars to use it anywhere. Also subject to fraud. As there is no over site where the chain mining comes from. So only a sucker would invest in it. As the only person that makes money. Is the ones that start it. It cost them nothing..

  16. I don't approve of FB or Tweeting by politicians and actors; well I guess I don't approve of these for anyone! Down with FB & Tweet messaging!!

  17. I wish Facebook would play hardball. Like at last Congress interview tell them "well we will not allow us customers to access Facebook until we figure this out".
    Congress would squirm in there seats

  18. Maxine Waters doesn't have the mental capacity of a salt shaker. She has no business overseeing ANYTHING, much less Big Tech.

  19. Mad Maxine = One of the leaders of non assimilated people they call themselves Black African Americans ( No such country Black Africa America ) on any map, just non assimilated Africans. The full time racist and part time civil activist Jesse Jackson coin the phrase in 1970 ( Black African American ) Not American at all

  20. Time for the President to make a deal. You want currency then stop censoring people or start facing fines. Keep the corrupt democrat party out of it especially mad max. She’s dumber than a box of hammers.

  21. Screw them both. Only reason she's halting it, is because she hasn't figured out how to skim it.

  22. Facebook is going to trap you. They'll be able to cut you out as they wish working together with Visa and MasterCard.

    Zuckerberg Facebook cares nothing for those unable to currently use banking, it's only a distraction to what they really up to. They make promises under the disguise of "helping" but don't be fooled big tech cares NOTHING for you!

  23. Smoke and mirrors. FB will eventually use their crypto-currency to control economics within their sphere and access will eventually be tied to political correctness. MW will come around because her resistance is just part of the show.

  24. It's all electronic digital front end and back end interface Software mafia.
    Why socialmedia apps are given freedom for money handling when socialmedia is open pool for globe and access to all, which includes regime/terrorists.
    There are white color terrorists and Political terrorists who make terrorists work for attacks. This kind of socialmedia business is more inclined to mishandling and PRIVACY is a failed and failure in socialmedia apps. It's a public media. Exposed to the world.

    STUPID software companies creating cyber terrorism and on a global terrorism. Drones also a stupid and giving access to all.

    Creating problems and health issues, lawlessness. Sexual socialmedia.

  25. New currencies are being created to protect the billionaires class. They know better than any of us the dollar will become worthless at some point. Therefore they are trying to keep hold of their wealth by creating a need for new currencies, with new created needs. Kind of like diamonds are not as rare as we think. Companies like Facebook will be broken up, it is only a matter of time . Zuckerberg knows this his company is growing unpopular among conservatives, liberals, or progressive pols. Facebook among other large companies stockholders will have their cash flow reduced. Zuckerberg like Jeff Bezos are not old enough to have memories of historical events in their lives. I imagine Zuckerberg's family share with him how bad things can get. They never lived through difficult times like the 1930's US. In Zuckerberg's case he cannot bend the system like he did to take Hawaiian native land to build his hideaway fortress. Somethings in life like war are out of human control because of human failures. In the not so distant future, and with the global events turning against the US, and the US currency, At some point economic and cultural chaos will rein. In fact we begin to see this in US policies and politics. It has happened throughout history, and US is is as vulnerable as any nation has been throughout history.

  26. Years ago, Mark Zuckerberg made it clear that he doesn’t think Facebook is a business. “In a lot of ways, Facebook is more like a government than a traditional company,” said Mr. Zuckerberg. “We’re really setting policies.” He has acted consistently as a would-be sovereign power. For example, he is attempting to set up a Supreme Court-style independent tribunal to handle content moderation. And now he is setting up a global currency.

    – From Matt Stoller’s recent article: Facebook’s Undemocratic Currency

  27. Why would the Dumb Maxine want to challenge Cryptocurrency? Just steal from LA maxine leave others alone you thief

  28. Maxine Waters is one of the top criminal in the demacraps party
    Has done nothing to better the people anywhere in America. Most of all in California. The people in her district needs to vote her out then take her to court to see all the criminal actions she has done, procecute her and hopefully inpresin her for those criminal acts.

  29. Yeah cause it puts her HISBANDS.SCSM.PUT OF BUSINESS..BUT EHAT SHE WANTS IS TO PARTNER AND IF THEY WONT SHE WILL PUNISH.

  30. DEFINE IMMUTABLE.
    BITCOIN.

    DEFINE SCAM.
    70% Vote of Companies changes Libra to whatever they want, click of mouse.

    DEFINE MAXINE WATERS
    Dumby wants her “fair share” in new coin thingy.

  31. Sign the petition Freedomworks! Remove her from Congress! Dad news! Good news would be, your gone mad Max Waters!

  32. Libra is EVERYTHING that Cryptocurrency is NOT, being the exact opposite of YOU being in control(of you and your money). Buy BITCOIN. Period.

  33. Sign the petition Freedomworks org! Remove her from Congress! Wake up American Voter's! Bye Bye Maxine Waters! possibly indictments in the future? hummmmm,.. Shàlom✝️🇺🇸

  34. The Jewish people have said, "We will never be lead to slaughter again!" Shabbat Shalom✝️🇺🇸🥗✡️🕎

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