After, Facebook’s David Marcus will face another round of questioning from the US Congress today, July 17th.
But Marcus won’t be the only one answering questions this time–an additional panel of cryptocurrency industry experts will be present, including:
Yesterday’s hearing focused around Facebook’s handling of data, its role in contributing to the divisive nature of American politics, and the company’s willingness to comply with US regulators and international law.
Marcus insisted again and again that Facebook was working hard to improve its handling of user data, and that the Libra Association had been set up in such a way that the company would have limited control of the network.
However, it appeared that many members of Congress were unsatisfied with Marcus’ responses, and the issue of whether or not Facebook should be trusted with the right to create a currency seems to remain unresolved in the eyes of many lawmakers.
on Libra, Facebook, and the cryptocurrency industry as a whole. Finance Magnates is covering the event live; please refresh the page to receive updates on the story.
The Opening Address
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