Mark Zuckerberg to testify before Congress about Facebook's cryptocurrency Libra

Axios Technology 2 months ago

Facebook CEO Mark Zuckerberg will testify before the House Financial Services Committee on Oct. 23 as part of a hearing titled, "An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors."

Why it matters: Libra, Facebook's cryptocurrency project, faces headwinds from lawmakers and regulators. Zuckerberg's decision to testify about it personally rather than sending a subordinate is a sign of the effort's importance to Facebook.


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