Coingeek.com reports
Lobbying firm FS Vector LLC has registered as having a relationship with Facebook as their customer since August 5, 2019. This can be confirmed on ProPublica, a lobbying disclosure database website. They specifically listed their reason for lobbying for Facebook as "Issues related to blockchain policy," with John Collins as their representative.By that token, lobbyists generally provide two services.
- Talk in the ear of legislators.
- Make stealth donations to the campaign legislators.
While public opinion also doesn’t seem to be on Libra’s side, getting a few key members of congress to suddenly “change their mind,” with the help of a savvy lobbyist, could make for a big change in momentum. Considering the billions Facebook has to gain from Libra should it ever happen, spending a few million on lobbying right now is a worthwhile expense.If you see Rep Maxine Waters change her mind, you'll know why.
SOURCES
Facebook hires lobbying firm to save Librahttps://coingeek.com/facebook-hires-lobbying-firm-to-save-libra/
by Derek Tonin - 27 August 2019