Facebook Under Bipartisan Attack Over Its Libra Digital Money

David Marcus, Head of Calibra at Facebook, testifies about Facebook's proposed digital currency called Libra, during a Senate Banking, House and Urban Affairs Committee hearing on Capitol Hill in Washington, on July 16, 2019. SAUL LOEB/AFP/Getty Images

WASHINGTON—Facebook’s plan for a cryptocurrency has increasingly come under bipartisan attack after the social media giant announced in June that it would launch its own digital currency, called Libra.

Facebook revealed its blockchain plans in June, saying that it would launch Libra next year to help people and businesses transfer money at low cost around the world.