To: The United States House of Representatives and The United States Senate
Stop Facebook from wrecking our economy
We urge you to block Facebook’s Libra proposal. Corporations shouldn’t be allowed to be in charge of currencies. Allowing Facebook and a consortium of private corporations to proceed with its Libra project risks causing a major financial crisis. It also threatens national sovereignty, consumer protections, and privacy rights.
Why is this important?
Facebook is already interfering in our elections. But did you know that Zuckerberg has something even more terrifying in the works? It’s called Libra, and it’s a digital currency he would control. Experts say Libra is a huge threat to democracy and could take down the entire global economy.
Facebook wants to shift control over our entire monetary system from central banks and democratically-elected governments to a private table of massive corporations.
House Financial Services Chairwoman Maxine Waters and a coalition of grassroots groups like us have raised serious concerns about Facebook’s currency proposal. Libra threatens national sovereignty, consumer protections, a competitive market, and privacy rights. And its dark money system leaves it open for abuse by money launderers. Zuckerberg needs to be stopped.
Facebook wants to shift control over our entire monetary system from central banks and democratically-elected governments to a private table of massive corporations.
House Financial Services Chairwoman Maxine Waters and a coalition of grassroots groups like us have raised serious concerns about Facebook’s currency proposal. Libra threatens national sovereignty, consumer protections, a competitive market, and privacy rights. And its dark money system leaves it open for abuse by money launderers. Zuckerberg needs to be stopped.