On Wednesday, the Senate Banking Committee announced it will be holding a hearing next month to question witnesses over Facebook’s new cryptocurrency initiative, Libra.
The hearing, entitled “Examining Facebook’s Proposed Digital Currency and Data Privacy Considerations,” is set for July 16th at 10AM ET. The plans come shortly after Facebook formally announced its new cryptocurrency and blockchain ecosystem, Libra. Facebook’s plan was met with harsh criticism from lawmakers, as well as calls for investigation into the potential consumer risks.
It’s unclear who all will be testifying, but sources tell The Verge David Marcus, co-creator of Libra and Calibra lead, will be in attendance.