Mark Zuckerberg to testify before Congress amid scrutiny of Libra cryptocurrency

CNN Technology 1 month ago
Facebook CEO Mark Zuckerberg explains why tech needs regulation at the Aspen Ideas Festival.

Facebook (FB) CEO Mark Zuckerberg will testify before a House committee later this month as Congress scrutinizes the tech giant's plans for a digital currency.

Rep. Maxine Waters, the California Democrat who chairs the House Financial Services Committee, said Zuckerberg will be the only witness at the October 23 hearing.

The hearing marks the second visit to Washington for Zuckerberg in as many months, after he swung through the nation's capital on a whirlwind tour meeting privately with lawmakers and President Donald Trump. Zuckerberg was grilled by Congress last year in the wake of the Cambridge Analytica data scandal.

    "Mark looks forward to testifying before the House Financial Services Committee and responding to lawmakers' questions," Facebook said in a statement.

    Waters has sharply criticized Facebook's plans for a digital currency, known as Libra, and called for Facebook to halt development of the project. The company has said it will not roll out the product in the United States until policymakers' concerns have been addressed.


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