Get ready for another deluge of Libra headlines. The head of Facebook’s crypto project, David Marcus, is set to testify before Congress twice next week, in hearings that are shaping up to be contentious.
Some House lawmakers already have asked Facebook to halt all work on Libra until after the hearings, but the company not surprisingly hasn’t taken them up on the offer. It is clear that Facebook won’t easily win over some in Congress, even as Libra representatives brief lawmakers and their staffs ahead of next week’s events, The Information’s Ashley Gold has learned. Below, we have exclusive details on what to expect on Capitol Hill next week.