Facebook has hired two more lobbyists to work on its cryptocurrency initiative, Libra. According to lobbying disclosures, the two new lobbyists were hired to work on cryptocurrency regulation, data privacy, security and blockchain related issues.
The flurry of lobbying hires for Facebook’s Libra project, which was met with heavy scrutiny from lawmakers earlier this summer, shows the tech giant knows it needs all the friends it can get in Washington to avoid regulatory trouble as Libra develops. Facebook recently retained three other lobbying firms and one law firm in Washington to work on Libra.
Both of the new lobbyists have financial services ties. One of them, Michael Williams, previously was a managing director for public policy at Credit Suisse. The other, William Hollier, was previously chief of staff for Senate Banking Committee Chairman Mike Crapo, a Republican from Idaho.