Zuckerberg to Testify Libra Will Help US Stay Ahead of China, Extend Democracy

Facebook’s digital currency will help the U.S. stay ahead of China and extend democratic values globally, Facebook CEO Mark Zuckerberg is to testify Wednesday (see 1910210067) before the House Financial Services Committee: “While we debate these issues, the rest of the world isn’t waiting. China is moving quickly to launch similar ideas in the coming months. Libra will be backed mostly by dollars and I believe it will extend America’s financial leadership as well as our democratic values and oversight around the world.” Facebook won’t launch Project Libra until U.S. regulators approve, he says.