By Jon Hill (September 9, 2022, 9:44 PM EDT) — Prominent Democratic senators are calling on Meta to explain what it is doing to prevent cryptocurrency-related scams on its various social media platforms, citing concerns that the technology giant is providing a “breeding ground” for fraud.
The senators, who include Senate Banking Committee Chairman Sherrod Brown, D-Ohio, and Sen. Elizabeth Warren, D- Mass., said in a Thursday letter to Meta CEO Mark Zuckerberg that they want “detailed information” about his company’s policies and procedures for weeding out crypto scams.
“Based on recent reports of scams on other social media platforms and apps, we are concerned that Meta provides a breeding ground…
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