Mark Zuckerberg in front of the US Congress: defend Facebook and defend Libra

The CEO of Facebook, Mark Zuckerberg, appeared again in Congress to respond to market dominance, lack of privacy, and tolerance of racial or false hate speech in their social network.

Zuckerberg had been summoned by the Financial Services Committee of the Lower House for respond on the plane to create a global digital currency legislators and regulators oppose both the United States and Europe. But the whole range of policies and behaviors of the huge social network of nearly 2.5 billion users will be in the spotlight.

The Facebook CEO had already testified before the Congress in April 2018.

The company seems to arouse the public and government's doubts about every novelty, from the adoption of an encrypted email service to its alleged anti-competitive behavior, to its refusal to erase false political ads or distorted videos.

Zuckerberg defended his Librarian cryptocurrency in Congress as a tool to expand US "financial leadership" and "democratic values." around the world, warning that China is working on "similar" ideas.

"Libra will be supported primarily by dollars and I think it will expand US financial leadership as well as our democratic values ​​and our oversight around the world.If the US does not innovate, our financial leadership is not guaranteed, "said the business man. when he appeared before the Financial Services Committee of the House of Representatives.

"As we discuss these issues, the rest of the world is not expecting." China will quickly launch similar ideas in the coming months, Zuckerberg warned.

Cryptocurrencies have generated significant international concern among governments and regulators.

USA vs Facebook

Yesterday, New York Attorney General Letitia James announced that Facebook's antitrust investigation, launched by his state, now had the support of 47 Attorneys General of both parties.

Demand is focused on the fact that the social network, through its dominant position, stifles competition, limits consumer choice and costs advertisers more. New York and some states opened the investigation last week.