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Bloomberg
House Financial Services Committee Chairwoman Maxine Waters said Facebook Inc should cease work on its cryptocurrency project until the company addresses a series of unrelated “deficiencies†in its social-media business.
Waters, speaking at a hearing featuring CEO Mark Zuckerberg, cited Facebook’s misappropriation of users’ personal data, its role in allowing Russia to influence the 2016 presidential election and the spread of polarising political ads on its platform that have pitted Americans against each other.
“You have opened up a serious discussion about whether Facebook should be broken up,†Waters, a California Democrat, said.