8 months ago
Maxine Waters has sent a probing missive to Meta, querying the tech giant’s caller spate of trademark applications related to integer assets and blockchain technology.
Maxine Waters Suspects Meta’s Renewed Interest successful Digital Assets Through Trademark Filings
Maxine Waters, the ranking Democrat of the House Financial Services Committee, has raised concerns implicit Meta’s caller trademark applications which suggest the tech giant’s imaginable re-entry into the integer plus space. Waters sent a detailed letter to Meta’s CEO Mark Zuckerberg and COO Javier Olivan, questioning the company’s intentions regarding integer assets and blockchain technology.
In her letter, Waters pointed retired 5 trademark applications filed by Meta implicit the past year. These applications screen a scope of services, including an online societal networking and dating work facilitating integer currency exchange, improvement of blockchain-related machine hardware and software, and cryptocurrency trading services. This determination comes contempt erstwhile statements from Meta unit indicating nary ongoing integer plus projects astatine the company.
Waters, a vocal professional of Meta’s crypto ventures, peculiarly the Libra (later Diem) stablecoin project, expressed her concerns astir the institution perchance delving backmost into integer plus plans. She highlighted the incongruity betwixt Meta’s trademark filings and their nationalist disavowal of existent integer plus ventures.
In 2019, Meta faced important regulatory and legislative scrutiny implicit its plans to motorboat the Libra cryptocurrency and the Calibra integer wallet. Waters, on with different lawmakers, had requested a moratorium connected these projects owed to privateness and nationalist information concerns. Despite these challenges and the eventual shutdown of the Diem project, Waters’ missive suggests that Meta’s involvement successful integer assets persists.
The congresswoman’s missive besides seeks clarity connected whether Meta intends to motorboat a cryptocurrency payments level and its plans for the precocious filed trademark applications. She emphasized the request for transparency, particularly fixed the company’s troubled past with integer currencies.
As of now, Meta has not publically responded to the letter.
Is Meta pursuing respective imaginable integer plus related concern opportunities? Share your thoughts and opinions astir this taxable successful the comments conception below.
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