What to Expect When Facebook’s Zuckerberg Defends Libra on Capitol Hill

Once again, Facebook will face the fire on Capitol Hill on Wednesday, with the Libra cryptocurrency project taking center stage.

Mark Zuckerberg, the social media giant’s founder and CEO, will testify before the House of Representatives Financial Services Committee, arguing that Libra will benefit unbanked individuals and that the U.S. should allow Libra to launch. He’ll also be defending his company’s recent record on discrimination, among other issues.

And as with Libra’s previous trip to the Hill, lawmakers are expected to focus more on Facebook the company than the cryptocurrency project it is leading.

Read more:https://www.coindesk.com/what-to-expect-when-facebooks-zuckerberg-defends-libra-on-capitol-hill

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