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US Lawmakers Push Back on Facebook’s Novi Wallet Launch

A group of Democrat senators is taking umbrage with a pilot launch involving Novi and Paxos’ USDP stablecoin.

Sen. Brian Schatz (D-Hawaii) is taking Facebook to task for its Novi pilot. (Sarah Silbiger/Bloomberg via Getty Images)
Sen. Brian Schatz (D-Hawaii) is taking Facebook to task for its Novi pilot. (Sarah Silbiger/Bloomberg via Getty Images)