Facebook CEO Mark Zuckerberg testifies before the House Financial Services Committee, on Wednesday, October 23, 2019. Photo: Diego Radzinschi/ALM.
House Financial Services Committee members repeatedly asked for confirmation that Facebook and Libra will wait for the approval of U.S. regulators to bring the product to market.
October 24, 2019 at 02:00 AM
1 minute read
Litigation editor
The original version of this story was published on The Recorder
Mark Zuckerberg told members of the House Financial Services Committee Wednesday that Facebook’s cryptocurrency platform Libra will not launch in any country without the approval of U.S. regulators.
Zuckerberg said at least 10 times within the first two hours of the hearing that Facebook and Libra will wait for the approval of U.S. regulators to bring the product to market, but several committee members were not convinced.
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