Zuckerberg to tell Congress that Libra crypto project will 'extend America's financial leadership'
Facebook founder and CEO Mark Zuckerberg arrives to testify following a break during a Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee joint hearing about Facebook on Capitol Hill in Washington, DC.Mark Zuckerberg will testify before the House Financial Services Committee on Wednesday, telling lawmakers that the-backed Libra cryptocurrency "will extend America's financial leadership as well as our democratic values and oversight around the world.
"While we debate these issues, the rest of the world isn't waiting. China is moving quickly to launch similar ideas in the coming months," Zuckerberg said in his. "Libra will be backed mostly by dollars and I believe it will extend America's financial leadership as well as our democratic values and oversight around the world. If America doesn't innovate, our financial leadership is not guaranteed.
Zuckerberg's testimony comes after a rough few weeks for the Libra Association, which saw its member ship dwindle down to 21 after the departures of
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