According to Warren, Meta has over 3.5 billion active users on Facebook, Instagram, WhatsApp, and Messenger, so any integration of digital assets could impact the global financial system. Warren recalled Libra and asked Meta seven questions.

In her address, the senator revisited the history of the Libra project, which Meta introduced back in 2019. She called it essentially a "global private currency," which at the time sparked "bipartisan and international opposition."
Warren stated that Libra could:
- strengthen commercial surveillance of users;
- use payment data for advertising business;
- give Meta even more market power;
- create risks to financial stability in the event of mass withdrawals.
"With Libra, Meta could effectively own a private central bank for economic activity on its platform," the letter said.
The senator also reminded that as early as May 2025, reports emerged of Meta negotiating with crypto companies to integrate stablecoins for payments. The company responded then that it "does not have its own stablecoin and currently has no plans to launch one."
However, according to Warren, Meta did not clarify:
- which third-party stablecoins it is considering;
- whether the company will influence them;
- how MetaPay will work;
- whether users will be able to store stablecoins directly in their wallets;
- what risk control and anti-money laundering mechanisms are planned.
Now, the senator demands answers by May 20, 2026.
Recall that Meta emphasized that it has no plans to launch its own token and stated that it uses third-party infrastructure to reduce fees and simplify international payments.
Meanwhile, Elizabeth Warren continues to increase pressure on the cryptocurrency sector and digital finance. Previously, she:
- criticized Elon Musk's X Money payment service over the possible launch of a stablecoin;
- questioned MrBeast's crypto plans after purchasing the fintech app Step;
- stated that passing the GENIUS Act could create risks of a new financial crisis.
Warren also compared the active promotion of stablecoins to the preconditions of the 2008 financial crisis and accused the crypto industry of trying to create regulation "for itself."