The Committee on Banking, Housing, and Urban Affairs of the United States Senate is seeking information on Facebook’s reported cryptocurrency project. The committee addressed its concerns to Facebook (NASDAQ:) founder and CEO Mark Zuckerberg in a letter on May 9.
In a series of questions, the Senate highlights certain aspects of consumer protection, asking Zuckerberg how the company plans to protect consumer financial information. The committee also asks Zuckerberg whether Facebook shares or sells consumer information with unaffiliated third parties.
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