Facebook’s head of crypto faces U.S. Senate on Libra hearing


The all-waited U.S. Senate hearing on Facebook Inc’s Libra project is underway.

American senators are currently questioning Facebook’s executive David Marcus before the Senate Committee on Banking, Housing, and Urban Affairs on the proposed digital currency Libra and data privacy considerations.

While Facebook said it is open to answering questions and concerns on the Libra project revolving around data privacy, financial stability and security.