The CEO of Facebook Mark Zuckerberg will testify before the US Congress on Libra on October 23. Rep. Maxine Waters revealed the news.
Mark Zuckerberg hearing
“An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors” is the title of the hearing that will involve the CEO of Facebook and the founder of Libra. The discussion is a follow-up to a “request for an immediate moratorium on the implementation of Libra and the digital wallet Calibra,” which was sent to Facebook by Democratic committee members in July this year:
“During this moratorium, we intend to hold a public hearing on the risks and benefits of cryptocurrency activity and study legislative decisions. Failure to suspend the launch before we do so may create a new Swiss financial system that is too large.”
Moreover, in July, Maxine Waters mentioned the “Keep Big Tech Out Of Finance Act,” which seeks to ban large platforms, such as Facebook, from becoming a graduate, licensed, or registered as a US financial institution and maintaining their relationship with financial institutions.
A document announcing Google’s achievements in quantum computing has appeared on NASA’s official website. Emphasis was placed on the fact that technologies are threatening the crypto industry. The document has been deleted, but analysts attribute the report to a further decline in the Bitcoin rate. In this review, we’ll observe what fate awaits the cryptocurrency market and what awaits people in the future.