Mark Zuckerberg Offers A Choice: The Facebook Way Or The China Way

In prepared remarks to Congress, the CEO acknowledges Facebook is not "the ideal messenger" for its digital currency plan, but says innovation is essential to American financial leadership.
Facebook CEO Mark Zuckerberg is scheduled to appear before the House Financial Services Committee on Wednesday. He's likely to face a broad range of questions about his company's influence. Source: Chip Somodevilla

Mark Zuckerberg says it's Facebook's way — or China's way.

Facebook's founder and CEO will tell Congress that the social network's controversial digital currency project, Libra, is essential to projecting American leadership around the world.

He will warn that any delay risks losing that leadership to China, according to prepared remarks released ahead of a House Financial Services Committee hearing on Wednesday.

"While we debate these issues, the rest of the world isn't waiting. China is moving quickly to launch similar ideas in the coming months," Zuckerberg will say.

"I believe [Libra] will extend America's financial leadership as well as our democratic values and oversight around the world. If America doesn't innovate, our financial leadership is not guaranteed."

Zuckerberg frequently invokes China as a rival to American technology supremacy, and American values.

Last week in at Georgetown University in Washington, he warned that calls for Facebook to exercise more limits on what people can and can't say on its

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