- Democrat Maxine Waters sent an open letter to Meta.
- In it, she drew attention to the fact that the company filed five applications for registration of products and services related to virtual assets in 2023.
- She expressed concern and demanded that the firm clarify its position.
Member of the US House of Representatives Maxine Waters sent the CEO and COO of Meta open letter. In it, she called on the company to clarify its plans regarding the cryptocurrency sector, and also expressed concern about the organization’s expansion in this market.
In his appeal, Waters refers to five Meta trademark applications for virtual asset goods and services that the company filed in 2023.
For each of these cases, the company received a Notice of Acceptance (NOA). The company can then confirm registration or request a six-month deferment.
The deadline for the first such notification is February 15, 2024. In her letter, Waters called on the company to clarify its plans and share details regarding the goods and services noted in the papers.
The politician also highlighted the Diem (Libra) project. This is a cryptocurrency whose project was presented in 2019. The initiative faced a barrage of criticism not only in the United States, but throughout the world. Meta later officially closed the project.
According to Waters, she and her colleagues sent a letter back in 2019 condemning the launch of Diem. Like other politicians, she expressed concern about potential issues related to privacy and data protection.
The letter also states that Meta denied working with digital assets. Allegedly, a company representative made such a statement to the US Congress in October 2023.
Waters expressed doubts about the veracity of these words, noting that Meta has not closed trademark applications in the field of crypto assets. The company itself did not comment on the situation at the time of writing.