Mark Zuckerberg will Testify on Libra in the US Congress
The creator and ideological inspirer of the world's largest social network Facebook Mark Zuckerberg agreed to testify to the United States House Committee on Financial Services According to information from the official website of the department, the hearing will take place very soon, on October 23, it will be entirely devoted to “an examination of Facebook and its impact on the financial services and housing sectors”. Recall that the head of the financial services committee, Maxine Waters, demanded to stop work on the development of the Libra cryptocurrency in mid-summer. After a short period of time, several more members of the US Congress supported her demand. They argued that Libra could become a serious contender for the US dollar, which would reduce the effectiveness of US monetary policy. Mark Zuckerberg answered his company would spend “as much time as needed” to win over financial regulators and other interested parties to his side. Facebook has not yet gained neither the regulators nor the senior officials' acceptance.