Facebook CEO Mark Zuckerberg to appear before Congress on currency plan

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Facebook CEO Notability Zuckerberg will appear before Congress this month as the tech giantess is under pressure from lawmakers and regulators over its massive make available power and record of privacy breaches.

Rep. Maxine Waters, the California Democrat who leaders the House Financial Services Committee, has announced that Zuckerberg bequeath testify at a hearing by the panel on Oct. 23. The focus will be on Facebook’s propose to create a digital currency and its role in housing.

The company agreed in a admissible settlement in March to overhaul its ad-targeting systems to prevent discrimination in shelter, credit and employment ads.

Lawmakers and top regulators have criticized Facebook’s map out for the new currency, expressing concern that it could be used for illicit venture such as money laundering or drug trafficking.

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