Facebook (NASDAQ:FB) CEO Mark Zuckerberg testified before the United States House of Representatives Financial Services Committee today regarding the Libra stablecoin project.
During the much-anticipated hearings before Congress on Oct. 23, lawmakers and the CEO discussed the growing competition with China on the economic and geopolitical stage.
In his prepared statements to the Committee, Zuckerberg stated that the project would ensure that the U.S. stays a financial leader globally: