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.
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.