Facebook CEO Mark Zuckerberg to Testify Before Congress Over Libra Crypto
Facebook CEO Mark Zuckerberg will defend Libra before U.S. lawmakers later this month.
Facebook's CEO told lawmakers the company would pull out of the Libra Association if the consortium launched its cryptocurrency without regulatory approvals.
Here's what you need to know before Mark Zuckerberg testifies in front of the House Financial Services Committee on Libra.
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 released his written testimony a day before his scheduled appearance before the U.S. House of Representatives.
At a charter signing in Geneva on Monday, the Libra Association locked in 21 members of its governing council.