Mark Zuckerberg Confirms to Rep. Huizenga That Facebook's Libra Cryptocurrency Must Receive U.S. Approval to Move Forward
October 23, 2019
October 23, 2019
WASHINGTON, Oct. 23 -- Rep. Bill Huizenga, R-Michigan, issued the following news release:
Today, when asked by Congressman Bill Huizenga (MI-02), Facebook Co-founder and CEO Mark Zuckerberg testified before Congress that if the Libra Association did not get U.S. regulatory approval before launching Libra, Facebook would be forced to leave the association. This exchange solidifies that Libra must get approval from U.S. regulators before its launch. The video and transcript of Congres . . .
Today, when asked by Congressman Bill Huizenga (MI-02), Facebook Co-founder and CEO Mark Zuckerberg testified before Congress that if the Libra Association did not get U.S. regulatory approval before launching Libra, Facebook would be forced to leave the association. This exchange solidifies that Libra must get approval from U.S. regulators before its launch. The video and transcript of Congres . . .