Facebook-Led Libra Forms Governing Council After Big-Name Departures
At a charter signing in Geneva on Monday, the Libra Association locked in 21 members of its governing council.
Mark Zuckerberg said Facebook wants to build commerce tools for small businesses which use the social media giant's apps, but noticeably avoided mentioning the Libra stablecoin project in his 2030 vision.
Facebook's CEO told lawmakers the company would pull out of the Libra Association if the consortium launched its cryptocurrency without regulatory approvals.
Libra can make it easier for Facebook's users to buy goods advertised on its platform, which would incentivize businesses to buy more ads, CEO Mark Zuckerberg said Wednesday.
Here's what you need to know before Mark Zuckerberg testifies in front of the House Financial Services Committee on Libra.
Facebook's CEO released his written testimony a day before his scheduled appearance before the U.S. House of Representatives.