"They're creating their own cryptocurrency, they're going to be located in Switzerland, it's going to be an alternative to the dollar, and so yes, I think it's very important for them to stop right now what they're doing so that we can get a handle on this," Waters added. "We have not held any hearings, we've got to protect consumers, we don't know who all is involved in this, we know that there are about 27 other companies in this network and we're talking about big companies that are involved with them where they will all be an alternative to the dollar so this is serious and we must ask them for a moratorium."
"We've got to protect our consumers, we just can't allow them to go to Switzerland with all of its associates and began to you know compete with the dollar without having any regulatory regime that's dealing with them and so we're asking them to please place a moratorium on their actions until we have an opportunity to hold our hearings both on the House side and the Senate side and of course they have got to deal with some of the other issues that have been identified about them," Waters concluded. "They're in control of huge data and how they're using that data? One of the things we understand is that they have allowed that to be used with the Russians in the latest campaign that we had in this country and so there are a lot of issues with Facebook and Facebook is you know under investigation."
https://www.dailywire.com/news/48738/maxine-waters-warns-about-facebooks-new-ryan-saavedra
"We've got to protect our consumers, we just can't allow them to go to Switzerland with all of its associates and began to you know compete with the dollar without having any regulatory regime that's dealing with them and so we're asking them to please place a moratorium on their actions until we have an opportunity to hold our hearings both on the House side and the Senate side and of course they have got to deal with some of the other issues that have been identified about them," Waters concluded. "They're in control of huge data and how they're using that data? One of the things we understand is that they have allowed that to be used with the Russians in the latest campaign that we had in this country and so there are a lot of issues with Facebook and Facebook is you know under investigation."
https://www.dailywire.com/news/48738/maxine-waters-warns-about-facebooks-new-ryan-saavedra