financialservicescommittee

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    Congress will grill Mark Zuckerberg over Libra October 23rd

    Mark Zuckerberg will be under the spotlight of regulators once again when Facebook's CEO testifies before the Financial Services Committee this month. The congressional panel is set to grill him October 23rd over Facebook's planned cryptocurrency Libra and digital wallet Calibra.

    Kris Holt
    10.09.2019
  • Chesnot via Getty Images

    US lawmakers tell Facebook to halt the launch of its Libra cryptocurrency

    US lawmakers have asked Facebook to "immediately cease implementation plans" of its Libra cryptocurrency. Before it proceeds any further, the House Financial Services Committee, led by Democrat Maxine Waters, wants to examine risks around cyber security, global financial markets and national security concerns, it said in a letter to Facebook.

    Steve Dent
    07.03.2019