Drafted “Keep Big Tech out of Finance” Act Surfaces Days Before Libra Hearings

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A draft of a US House bill restricting big tech companies from entering the crypto assets market has surfaced days before the congressional hearings on Facebook’s Libra. A drafted bill entitled “Keep Big Tech out of Finance” has surfaced online, allegedly deriving from within the United States House of Representatives Financial Services Committee. The document’s metadata dates it July 12.The bill’s provenance is unconfirmed, but crypto news site The Block quotes an inside source as saying it is with the Financial Services Committee. The document reads: “A large platform utility may not establish, maintain, or operate a digital asset that is intended…
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Drafted “Keep Big Tech out of Finance” Act Surfaces Days Before Libra Hearings

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