Democrat Rep. Maxine Waters Raises Concerns Over Meta’s Continued Crypto Ventures
Rep. Maxine Waters has expressed significant concerns over Meta’s continued involvement in the digital asset sector.
In a detailed letter addressed to Meta CEO Mark Zuckerberg and COO Javier Olivan, the California Democrat, known for her critical stance on Meta’s previous cryptocurrency endeavors, particularly the Libra stablecoin project, has highlighted Meta’s filing of five trademark applications related to digital assets and blockchain technology.
“I write to express my concerns regarding Meta Platforms, Inc.’s (f/k/a Facebook, Inc.) filing status of five trademark applications related to various digital assets services and blockchain technology,” wrote Waters.
These applications, filed with the U.S. Patent and Trademark Office (USPTO), suggest Meta’s potential expansion in the digital assets ecosystem.
“With its initial filings on March 18, 2022, Meta’s application submissions as of January 22 appear to represent a continued intention to expand the company’s involvement in the digital assets ecosystem,” wrote Waters.
The applications include services related to online social networking and dating, which integrate financial trades and crypto exchanges. Additionally, they encompass the design and development of computer hardware and software services related to blockchain and various digital currencies.
The applications involve digital asset services, particularly in the domain of crypto trading, exchange services, and blockchain-based payment verification.
The filings also cover advertising services via electronic and virtual media, blockchain as a service for business advice in blockchain technology, and downloadable software for managing digital currency transactions.
“Despite these trademark applications, which indicate
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