Washington Post

Facebook CEO Mark Zuckerberg agrees to testify before Congress on Libra

Zuckerberg will be the sole witness at the hearing, according to a news release. Foto: Bloomberg photo by Andrew Harrer

Facebook chief executive Mark Zuckerberg has agreed to testify before Congress on the social media giant's plans to launch the Libra cryptocurrency, following pressure from lawmakers.

The House Financial Services Committee is expected to grill Zuckerberg with questions on Facebook's impact on both financial services and housing sectors at the hearing on Oct. 23. Committee chairwoman Rep. Maxine Waters, D-Calif., and other lawmakers have previously expressed concerns about Libra and its potential to mask fraud, abuse and money laundering...

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