Representative Maxine Waters (D-Calif.) is calling for Meta (formerly Facebook) to continue its work in the digital asset industry.
the congressman said: letter The company on Monday told CEO Mark Zuckerberg and Chief Operating Officer Javier Oliban that Meta has currently filed five trademark applications with the U.S. Patent and Trademark Office (USPTO), and that the cryptocurrency industry The company sent a letter expressing its concerns about its continued efforts to expand its presence in the region.
“I am pleased to report the filing status of five trademark applications filed with the United States Patent and Trademark Office (USPTO) by Meta Platforms, Inc. (f/k/a Facebook, Inc.) relating to various digital asset services and blockchain technology. I am writing this letter to express my concerns.'', the letter said. “The first filing was March 18, 2022, and Meta's application filing as of January 22 appears to represent the company's continued intent to expand its involvement in the digital asset ecosystem. ”
The letter points to five Meta patents that include several applications related to the digital asset field, including social media networking, dating services, and cryptocurrency trading and verification.
The letter noted that although these five applications are still active, Meta told the Financial Services Commission on October 12 that no digital asset-related work is underway at the company.
This is not the first time Waters has expressed concern about Big Tech companies entering the digital asset space. Last year she Ask a question to PayPal As for proprietary stablecoins, he said, “there is still no federal framework for the regulation, oversight, and enforcement of these assets.” [stablecoins]”
Meta previously sought to launch its own digital currency project in 2019, which was later named Diem. After Meta faced backlash from regulators in Washington and around the world for accessing the personal data of billions of users, the project was eventually shut down, and the now-defunct Silvergate Bank opened in 2022. was sold to.
Former employees of the Diem project went on to build their own digital assets, including: Aptos and Sui.
read more: The end of Diem: A timeline of Libra’s long journey from Facebook labs to the world stage
