(SOUNDBITE) (English) SENATOR SHERROD BROWN (D - OHIO), SAYING:
"After all the times Facebook has abused the public's trust and you know that. Do you really think people should trust Facebook with their hard earned money."
(SOUNDBITE) (English) SENATOR MARTHA MCSALLY (R - ARIZONA) saying:
"So you in order to use it your data has to be collected. There's no option to opt out."
(SOUNDBITE) (English) SENATOR BOB MENENDEZ (D - NEW JERSEY), saying:
"I only have five minutes which is not nearly enough time to list all the things that Facebook has broken."
Facebook got a grilling in DC Tuesday over plans to launch a new digital currency called Libra. David Marcus, the social media's top executive overseeing the project, was in the hot seat defending it. While vowing not to move ahead without regulatory approval, Facebook threw in a veiled warning about blocking it.
(SOUNDBITE) (English) DAVID MARCUS, HEAD OF FACEBOOK'S CALIBRA, SAYING:
"If our country fails to act we could soon see a digital currency controlled by others whose values are dramatically different from ours."
Critics of Libra have expressed anger the company got so far in its plans without input from policymakers, especially when it's already in the spotlight over data privacy.
It's not just the U.S. On Tuesday German finance minister Olaf Scholz also sounded alarm on Libra saying the issuance of a currency doesn't belong in the hands of a private company.
Big tech companies also faced house lawmakers looking into antitrust issues, and Facebook was again in the hotseat there.
(SOUNDBITE) (English) CONGRESSMAN JOE NEGUSE CONGRESSMAN (D - COLORADO) SAYING:
"What is the largest, social media platform company by active users in the world? Do you know?"
(SOUNDBITE) (English) MATT PERAULT, HEAD OF GLOBAL POLICY DEVELOPMENT, FACEBOOK, SAYING:
"Congressman, I don't. I do know that we have 2.7 billion users."
(SOUNDBITE) (English) CONGRESSMAN JOE NEGUSE (D - COLORADO) SAYING:
"I can tell you that it's Facebook, is number one. Do you know the third largest company is? WhatsApp. And the fourth largest is Facebook Messenger. the sixth largest is Instagram. When a company owns four of the largest six entities measured by active users in the world in that industry, we have a word for that and that's monopoly or is at least monopoly power."
And that's not all. three senators critical of the tech giants on Tuesday sent a letter to the Federal Trade Commission to criticize its reported $5 billion dollar settlement with Facebook over the Cambridge Analytica data breach calling it QUOTE "Woefully inadequate"