The Latest on 's new digital currency (all times local):5:40 p.m. In asking Facebook to put the Libra currency plans on hold, Rep. Maxine Waters, a California Democrat, says Facebook "is continuing its unchecked expansion and extending its reach into the lives of its users." It's a digital currency similar to Bitcoin for global use, one that could drive more e-commerce on its services and boost ads on its platforms. Facebook's Libra currency is expected to roll out in the next six to 12 months. ———10:00 a.m.Facebook's plan announced Tuesday to introduce a digital currency comes as the company seeks out new revenue sources, said Wedbush Securities analyst Dan Ives.

Source: ABC News June 18, 2019 12:46 UTC