Facebook’s Libra cryptocurrency project got a second day of withering criticism on Capitol Hill on Wednesday, with one California congressman saying its potential dangers could be worse than the terrorist attacks of Sept. 11, 2001.
‘The most innovative thing that happened this century is when Osama bin Laden came up with the innovative idea of flying two airplanes into towers. That’s the most consequential innovation, although this may do more to endanger America than even that.’
Rep. Brad Sherman
As Sherman compared Libra with the 9/11 attacks, he said that Zuckerberg is creating a cryptocurrency, like the popular and controversial digital-asset bitcoin that is often associated with providing “privacy to drug dealers, human traffickers, terrorists, tax evaders and sanctions evaders.”
Read more at Market Watch.