Today, Oct. 23, Facebook (NASDAQ:FB) CEO Mark Zuckerberg will testify before the United States House of Representatives Financial Services Committee regarding Libra — the company’s stablecoin project that has been facing major regulatory backlash since the day it was announced.
While Libra was previously represented in front of the U.S. lawmakers by the head of the coin’s native Calibra crypto wallet, David Marcus, this will be the first time Zuckerberg himself will represent the project in Congress. So, could the Facebook CEO have any tricks up his sleeve, and how beneficial will such a hearing be for Libra?