Five senators in the United State have written to Facebook asking the tech giant, to shut down it newly launched Novi Pilot digital wallet.
One of the five senators is Elizabeth Warren. A popular crypto skeptic urged Mark Zuckerberg the C.E.O of Facebook to “immediately discontinue”.
According to the letter signed by the five senators.
“Given the scope of the scandals surrounding your company, we write to voice our strongest opposition to Facebook’s revived effort to launch a cryptocurrency and digital wallet, now branded ‘Diem’ and ‘Novi,’ respectively”
The five senators went on to argue that Facebook as a company fraught with controversies and privacy protection issues has no moral justification to get involved in the digital currency and payment industry.
“Facebook cannot be trusted to manage a payment system or digital currency when its existing ability to manage risks and keep consumers safe has proven wholly insufficient.” They added.
Whether Facebook will shut down the project remains to be seen.