The US House Financial Services Committee will hold a hearing on Libra on July 17.

The US House Financial Services Committee will hold a hearing on Facebook on July 17th for Facebook's cryptocurrency Libra. The announcement came from the chairman of the committee, Rep. Maxine Waters, who had called for Facebook to suspend work for Libra until Congress and regulators had the opportunity to scrutinize the proposal. According to previous reports, the US Senate Bank, Housing and Urban Affairs Committee will hold a hearing on Libra on July 16.