Meta Platforms, previously known as Facebook, is under scrutiny from Congresswoman Maxine Waters, Chair of the House Financial Services Committee. Despite previous setbacks and assurances of halted progress in digital currency, Meta appears to be quietly advancing its involvement in the digital assets industry. This follows Waters’ inquiry into Meta’s recent actions concerning cryptocurrency and blockchain technology.
Trademark Applications Raise Questions
Central to Waters’ concerns are five trademark applications filed by Meta with the U.S. Patent and Trademark Office (USPTO). These applications encompass a range of services, from social networking to cryptocurrency trading, hinting at Meta’s continued interest in integrating digital currencies into their platforms. This move is a surprise, given Meta’s previous communication with the Financial Services Committee, which indicated a cessation of all digital asset-related endeavors.
Meta’s journey into digital currency has
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