The Facebook CEO will face the House Financial Services Committee over Facebook's new cryptocurrency Libra and its aim within financial services.
Bitcoin slumped as much as 9% on Wednesday — hitting its lowest level since June — ahead of Facebook CEO Mark Zuckerberg's testimonial on the company's proposed cryptocurrency, Libra. Zuckerberg is due to answer questions from a House Financial Services Committee about Facebook's ambitions in financial services. Other cryptocurrencies also slipped, with Ethereum falling 10% at its lows. Watch Bitcoin trade live here. View Business Insider's homepage for more stories.
Bitcoin slumped as much as 9% on Wednesday — hitting its lowest level since June — ahead of Facebook CEO Mark Zuckerberg's testimonial on the company's proposed cryptocurrency, Libra. Zuckerberg is due to answer questions from a House Financial Services Committee about Facebook's ambitions in financial services. Other cryptocurrencies also slipped, with Ethereum falling 10% at its lows. Watch Bitcoin trade live here. View Business Insider's homepage for more stories.
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Zuckerberg to tell Congress Facebook is 'not the ideal messenger' for Libra currencyFacebook Chief Executive Mark Zuckerberg plans to acknowledge before Congress th...
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Zuckerberg testimony begins: 'I actually don't know if libra is going to work'“If America doesn’t innovate, our financial leadership is not guaranteed.” Mark Zuckerberg says that he doesn’t know if Facebook’s libra cryptocurrency will work, but that he thinks it is important to try.
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How to watch Mark Zuckerberg Libra testimony after Alexandria Ocasio-Cortez opens DMs for public questionsThe hearing will be available to watch on several broadcast platforms—including YouTube, C-Span3 and the House Financial Services Committee website at 10 a.m. ET.
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GOP congressman: Libra hearing is 'American innovation on trial' by lawmakers who don't get it'Because they're a big company doing this type of innovation, you have American policymakers trying to pounce on them,' Rep. Patrick McHenry says of Facebook.
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Here Are All The Companies That Bailed On Facebook’s LibraA quarter of the original partners have pulled out.
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