Mark Zuckerberg To Testify In Congress About Planned Cryptocurrency

The transcript discusses a hearing before the House Financial Services Committee on Facebook's cryptocurrency plans, Libre and Calibra. It highlights concerns from lawmakers and regulators, particularly regarding privacy issues following the Cambridge Analytica scandal. Facebook has stated it will not launch Libre until these concerns are addressed. Additionally, the company is under multiple antitrust investigations, including one by the Federal Trade Commission.

What is the main focus of the hearing before the House Financial Services Committee?

• The development of a new digital advertising strategy

• The impact of Facebook's cryptocurrency on financial and housing sectors

• The introduction of new privacy laws

• The launch of a new social media platform by Facebook

What is the name of Facebook's proposed global cryptocurrency?

• Ripple

• Ethereum

• Bitcoin

• Libre

Why have lawmakers requested Facebook's cryptocurrency project to be put on hold?

• Lack of public interest

• Insufficient funding

• Because of privacy concerns

• Due to technical issues

What past scandal is mentioned as a reason for privacy concerns?

• Cambridge Analytica Scandal

• Volkswagen Emissions Scandal

• Enron Scandal

• Watergate Scandal

Which organization has opened an antitrust investigation into Facebook?

• Securities and Exchange Commission

• Federal Reserve

• Department of Justice

• Federal Trade Commission