1. Facebook CEO Mark Zuckerberg has said that he will testify before the U.S. House Financial Services Committee later this month on its Libra cryptocurrency. Zuckerberg will be the only witness at a hearing called "An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors." The hearing is due to take place October 23 at 10 a.m. eastern time. According to a Facebook spokesperson, Zuckerberg "looks forward to testifying" before the committee, in addition to responding to questions from lawmakers. –CNBC
Why It Matters: This marks the first step from Zuckerberg in helping to address concerns, particularly those raised by global regulators, about Libra and Facebook's plans with it. Since being announced in June, many have expressed concern over the currency. It will also be a rare opportunity for lawmakers to question the CEO who very rarely visits Washington D.C. The last time he was in the city was last month to discuss technology regulations with regulators.