US Lawmakers to Grill Facebook CEO Mark Zuckerberg on Libra

Libra Coin News
Wed, 10/09/2019 - 18:58
Alex Dovbnya
House members will have a unique opportunity to grill Zuckerberg himself
Cover image via U.Today

Mark Zuckerberg, the CEO of social media juggernaut Facebook, is expected to testify before the House Financial Services Committee on Oct. 23, Business Insider reports. 

It is worth noting that Facebook’s Blockchain head David Marcus has already endured two congressional hearings. However, this is the first time when US lawmakers will be able to talk Libra with none other than Zuckerberg himself. 

Related
Bug Bounty Program Launched by Libra Association Will Reward Security Experts

Libra, which created an enormous amount of buzz after its announcement, has since faced many regulatory hurdles. As reported by U.Today,  Ripple CEO Brad Garlinghouse doesn't think that the stablecoin will be launched by 2023. 

France and Germany made it clear that they would block Libra. Meanwhile, Apple CEO Tim Cook recently threw shade at the Facebook coin by criticizing private companies that launch their own cryptocurrencies.         

 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.


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