WASHINGTON - Facebook CEO Mark Zuckerberg sought to reassure skeptical US lawmakers on Wednesday that the company's planned digital currency Libra would be a force for good that could reduce costs for electronic payments and help more people participate in the global financial system.
She quizzed Zuckerberg on Facebook's steps to combat misinformation and voter suppression ahead of the November 2020 US presidential election. Libra has faltered in recent weeks amid sustained criticism from lawmakers and regulators over fears it may aid money laundering and upend the global financial system.The Facebook CEO last appeared before Congress in April 2018 when he fielded 10 hours of questions over two days from House and Senate panels on political consulting firm Cambridge Analytica's misuse of Facebook customer data to interfere in the US presidential election.
"I get that I'm not the ideal messenger for this right now, we've faced a lot of issues over the past few years and I'm sure there are a lot of people who wish it were anyone but Facebook that was helping to propose this," he said.
very calming thing to say not to break things further at this stage
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