Zuckerberg appears in Congress as Facebook faces scrutiny

MARCY GORDON and BARBARA ORTUTAY AP Business Writers WASHINGTON (AP) — Facebook CEO Mark Zuckerberg faced bipartisan, hostile questions in a congressional hearing Wednesday focused on the social media company's plans to launch its own cryptocurrency known as Libra. Zuckerberg acknowledged concerns about the Libra project, saying he would not allow Facebook to move forward unless he got explicit approval from all U.S. financial regulators. But members of the House Financial Services committee were not convinced. Rep. Maxine Waters, the California Democrat who chairs the House Financial Services Committee, said that Facebook's cryptocurrency project Libra "create many concerns" and argued that maybe Facebook should be broken up. On the Republican side, Rep. Ann Wagner of Missouri ask
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