Cryptocurrencies
Facebook's Crypto Plan Unites Trump and Democrats in Disdain
- Social networking giant to face skeptical lawmakers this week
- President and Fed chairman have already aired doubts on Libra
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It’s long seemed that nothing could unite President Donald Trump and Democrats on Capitol Hill. Then Facebook Inc. decided to create a cryptocurrency.
Washington’s bipartisan distrust of the social-networking giant will be on display this week as it defends the digital-money proposal in two congressional hearings. In a sign that the testimony is likely to be an ordeal for Facebook, Trump took to Twitter on Thursday to bash the effort.