The new bill issued by the democratic wing of the House Financial Services Committee in the US that would stop tech companies from functioning as financial institutions or issuing digital currencies. This new bill “Keep Big Tech Out Of Finance Act” has broadcasted it among the regulators. If the new bill is passed it will prevent “Tech” space from entering into the payments space and it will also target Facebook’s Libra. “Keep Big Tech Out Of Finance Act” bill includes the conditions which would forbid the online services platforms and service providers from engaging in independent finance activities.