Facebook cryptocurrency chief David Marcus will testify on Tuesday that the company will not launch its “Libra” initiative until it has received approval from U.S. regulators, according to a transcript of his prepared remarks.

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Marcus is set to testify before the Senate Banking Committee on Tuesday to address widespread concerns about Libra, the Facebook-backed cryptocurrency set to launch in 2020. President Trump, Federal Reserve Chairman Jerome Powell and various other officials have expressed concern about risks Libra could pose to the U.S. economy and to consumers.

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