Facebook’s Libra cryptocurrency plan triggers Washington fury

Facebook’s plans to create a new cryptocurrency that can be used for everything from commerce to money transfers is facing pushback from angry U.S. lawmakers.
Los Angeles Rep. Maxine Waters, chairwoman of the House Financial Services Committee, urged the company to halt development of the token until Congress and regulators can examine it. Other lawmakers demanded hearings and questioned whether the coin, called Libra, will have appropriate oversight.
The scrutiny shows the risks for a cor