SEC, Libra called out at House Financial Services hearing
At the first get-together of all five SEC commissioners at a Congressional hearing since 2007, House Financial Services Committee Chair Maxine Waters said the regulator “is not fulfilling its mission as Wall Street’s cop.”
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ArticleHouse Financial Services Committee grills Facebook’s Zuckerberg
Wide-ranging questions target Libra, discriminatory housing ads, lack of diversity at Facebook, and whether Facebook’s CEO actually read the hearing packet the committee sent to him.
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Zuckerberg to testify before Congress on Libra
Facebook CEO Mark Zuckerberg will testify before the House Financial Services Committee on Oct. 23 regarding his company’s planned venture into the cryptocurrency space.
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In May, three commissioners for the Consumer Product Safety Commission were abruptly fired by President Donald Trump and sued for their jobs shortly after. A federal judge has ruled that the commissioners should be reinstated, although it’s unclear whether that ruling may itself be reversed.
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