Takeaways from Zuckerberg's testimony:
-Fb will announce its News section this week
-He argued for Libra approval because China's digital Renminbi is coming soon
-Libra partners left because "it's a risky project and there's been a lot of scrutiny."
techcrunch.com/2019/10/23/zuc…
-Fb will announce its News section this week
-He argued for Libra approval because China's digital Renminbi is coming soon
-Libra partners left because "it's a risky project and there's been a lot of scrutiny."
techcrunch.com/2019/10/23/zuc…
Zuckerberg says it would be reasonable for regulators to mandate that Libra be majority-backed by US dollars, not foreign currencies 
The major theme of Zuckerberg's testimony is a clever escape hatch. He distances himself from the Libra Assoc, explaining Facebook doesn't control it so he can't make unilateral promises about how it will work.
Today's testimony begs the question, if Zuckerberg insists he doesn't control Libra, what combo of Fb & Libra execs would Congress need to testify together to get real answers?
Whoa. Facebook quietly deleted that Libra Assoc members would earn dividends from interest earned on the Libra Reserve -- a major incentive
The final surprise from Zuckerberg's testimony? He's enthusiastic about trying to verify more & more users via gov ID
