Heavy! Zuckerberg will attend the US Congressional hearing on October 23 to testify for Libra

On Wednesday, US House of Representatives Financial Services Committee announced that Facebook Chief Executive Mark Zuckerberg will attend a hearing at 10 am on October 23 to testify on Libra.

Mark Zuckerberg

Zuckerberg will be the only witness at the hearing called "Reviewing Facebook and its impact on the financial services and real estate industries." The NBC Financial Channel (CNBC) reported last week that members of the House of Representatives have been urging Zuckerberg on Facebook when the committee discussed with Facebook's chief operating officer Sheryl Sandberg. The cryptocurrency plan – Libra – testified.

The chairman of the committee, Maxine Waters, had previously asked Facebook to stop implementing Libra before the hearing in July. Waters later seemed to be dissatisfied with Libra's director David Marcus's lack of commitment to postpone Facebook's plan.

Since then, many international authorities have expressed concern about libra, and PayPal, one of the original supporters of the project, has also withdrawn. According to The Wall Street Journal, other corporate supporters such as Visa and MasterCard are rethinking their roles.

A Facebook spokesperson said: "Zuckerberg is looking forward to testifying in the House Financial Services Committee and answering questions from parliamentarians."

The hearing will be the third hearing of Congress for Libra: Libra executives attended the Libra hearings held by the House Financial Services Committee and the Senate Banking Committee for two consecutive days in July this year, answering the questions raised by lawmakers. Various problems. However, the previous hearing did not eliminate the doubts of Congress, one of the reasons is that Facebook's past "stain record" in data privacy protection is worrying.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Opinion

Overview of International Cryptocurrency Regulatory Agencies

We have studied 45 countries, including G20 member countries, as well as countries with the highest adoption rate of ...

Blockchain

Read the article Bakkt: cryptocurrency of the New York Stock Exchange

At the Bakkt Digital Assets Summit held last week at the New York Stock Exchange, more than 150 investors around the ...

Blockchain

I left the project side and went to the exchange.

In the first article of "Industry Reflection", we briefly reviewed the secondary market conditions of the f...

Blockchain

A picture to understand the difference between Bakkt's bitcoin futures and "traditional" futures

According to the delivery method, futures contracts are usually divided into cash delivery and physical delivery. At ...

Blockchain

2019 Spot Exchange Research Report: The total global trading volume is $ 13.8 trillion, BTC accounts for 48.29%

Key takeaways: 1. The annual spot transaction volume was US $ 13.8 trillion . 2. BTC's annual trading volume acc...

Blockchain

Eat Reason Rationally | Who is the real winner of the Steem incident?

Sun Yuchen VS Steem community was the most discussed topic in the industry last week. On February 14, Sun Yuchen comp...