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.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Not a Bloomberg Law Subscriber?
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]