Facebook has hired a lobbying firm led by a former head of policy at Coinbase amid regulatory pushback from U.S. lawmakers over its Libra project.
Lawmakers in the U.S. are discussing a bill that seeks to prevent large technology institutions in the country from issuing cryptocurrencies.
Facebook has started discussion with the U.S. CFTC over potential regulatory issues over the social media giant's crypto stablecoin initiative.
The U.S. Senate Banking Committee wants to know more about Facebook's crypto project.