Copy link
Increase text size
Decrease text size
Link copied

U.S. House panel wants Mark Zuckerberg to testify on crypto project ‘Libra’ by January 2020: Report

Mark Zuckerberg (Image Credit: Anthony Quintano/Flickr)

Fri, 04 Oct 2019, 07:17 am UTC

The House of Representatives Financial Services Committee wants Facebook CEO Mark Zuckerberg to testify on the social media giant’s highly ambitious cryptocurrency project, The Information reported.

As per the report, the committee has invited Facebook Chief Operating Officer Sheryl Sandberg to testify on Libra on October 29. However, this is reportedly subject to the condition that Zuckerberg will also agree to appear before the committee by January 2020.

A congressional source confirmed to Reuters that Sandberg has tentatively agreed to testify before the committee.

If the hearing takes place as planned this month, then it would mark the testimony of the second Facebook executive on the company’s digital currency plans. David Marcus, the co-creator of Libra, had testified before U.S. lawmakers at a Congressional hearing on July 17, which followed the Senate Banking Committee hearing on July 16.

As the crypto project continues to face regulatory pushback, a number of members of the Libra Association, the governing body of Libra, are reportedly considering withdrawing their support from the initiative.

In response to these reports, Marcus recently said that the official first wave of members will be formalized in the weeks to come. He said that he was unaware of the intention of certain members to not step up, adding that “change of this magnitude is hard and requires courage.”

Furthermore, a leaked audio recording from an internal meeting obtained by The Verge revealed that Zuckerberg is hopeful that the association will grow to 100 or more companies by the time Libra launches.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,042.59 (-0.79%)
  • Ethereum (ETH) $226.83 (-0.70%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $220.55 (-1.79%)
  • Bitcoin SV (BSV) $153.13 (-1.08%)
  • Bitcoin (BTC) $9,042.59 (-0.79%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft