Zuckerberg appears in Congress as Facebook faces scrutiny - Sentinel-Tribune: News

Zuckerberg appears in Congress as Facebook faces scrutiny

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Posted: Wednesday, October 23, 2019 2:53 pm

WASHINGTON (AP) — Facebook CEO Mark Zuckerberg endured hours of prickly questioning from lawmakers Wednesday as he defended the company's new globally ambitious project to create a digital currency while also dealing with widening scrutiny from U.S. regulators.

The immediate focus of the hearing by the House Financial Services Committee was the project for the currency, to be called Libra. Zuckerberg took pains to reassure lawmakers that he wouldn't allow Facebook to move forward without explicit approval from all U.S. financial regulators.

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