Facebook CEO Mark Zuckerberg will defend the Libra cryptocurrency project before U.S. lawmakers later this month.
The House Financial Services Committee announced Wednesday (Oct. 9) that Zuckerberg will testify on Oct. 23 during a hearing titled "An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors." Zuckerberg will be the only witness.
While details were sparse, Wednesday's press release noted that Committee Chairwoman Maxine Waters (D-Calif.) has drafted the "Keep Big Tech Out of Finance Act." Previously, Waters had called for Facebook to halt development of Libra until lawmakers' concerns were addressed.