Blockchain

Mark Zuckerberg to Testify Before Congress Over Libra

Mark Zuckerberg to Testify Before Congress Over LibraMark Zuckerberg to Testify Before Congress Over Libra

Facebook CEO Mark Zuckerberg will defend the proposed Libra cryptocurrency in a testimony before the House Financial Services Committee on October 23.

The highly scrutinized proposed cryptocurrency, which is being led by Facebook (NASDAQ:FB), has come under fire from regulators on both sides of the Atlantic due to its potential threat to monetary sovereignty. Now, Zuckerberg must defend the plans before US lawmakers for a third time when he speaks at a hearing entitled “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors.” Previously, Libra had been debated during meetings of the House Financial Services Committee and the Senate Banking Committee in July.

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