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) $8,374.86 (-3.40%)
  • Ethereum (ETH) $162.40 (-3.37%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $323.14 (-6.41%)
  • Bitcoin SV (BSV) $255.63 (-16.39%)
  • Bitcoin (BTC) $8,374.86 (-3.40%)
Jan 23, 2020 (Thursday)
13:26
Amun lists inverse bitcoin ETP on SIX Swiss Exchange
12:32
World Economic Forum creates framework to help central banks design and deploy CBDC
11:52
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:52
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:24
Four Belgian banks including BNP Paribas, ING to share corporate KYC data using blockchain
10:34
Crypto Technicals: XRP/USD dives over 4%, more weakness on break below 21-EMA support (0.2231)
10:34
Dubai's government-owned utility company and Siemens organize blockchain lectures and seminars
10:18
SportsCastr to reward viewers with own cryptocurrency 'FanChain'
09:48
Hacker Noon deploys first blockchain feature after leaving Medium
09:10
Hyperledger launches community group to leverage blockchain to meet climate goals
08:32
Crypto Technicals: ETH/USD extends weakness below 200H MA, eyes 110-EMA support at 159.52
07:41
Deloitte sees Facebook's Libra as “bold new proposition” to create global financial infrastructure
07:06
Square receives U.S. patent for cryptocurrency payment network
07:00
Crypto Market - Asian Session Wrap - 23rd January 2020
06:50
Kik technical advisor to appear for deposition in ongoing Kin ICO case with SEC
05:40
Grayscale continues to support ethereum classic developers
05:40
Crypto Technicals: BTC/USD turns bearish near-term, eyes 21-EMA support at 8318
05:01
Central banks of Hong Kong and Thailand complete DLT trial for cross-border funds transfer
Jan 22, 2020 (Wednesday)
13:12
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:12
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft