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Jacob Sonenshine: Several companies have recently backed away from Facebook's cryptocurrency, Libra. Facebook CEO, Mark Zuckerberg will testify about Libra in front of a skeptical house financial services committee. But which big tech issue will take the forefront on Capitol Hill. You want to know which issue to listen for. And fortunately we have TheStreet's tech editor, Nelson Wang and TheStreet's tech reporter Annie Gaus, to walk us through what the main issues are and what to expect in the hearing. Nelson, for Facebook, what are the big issues right now?

Nelson Wang: So basically it's got two main issues that they're going to be addressing probably. One is their cryptocurrency Libra, which is a really ambitious initiative for them to try to get this sort of currency accepted around the world. but there's a lot of concerns about regulation, liability, you know, how exactly it's going to operate. And then the other big issue is antitrust concerns. Over the last few years they bought up a lot of companies, amass a lot of market share in social network space, but there's some concerns that some of what they've done is anti competitive.

Jacob Sonenshine: So Annie, between antitrust, crypto currency, data privacy, what do you think will be the real focus here?

Annie Gaus: Yeah, I think it's very likely that we'll see the proposal to the proposed cryptocurrency Libra being used as an entry point for lawmakers to really press Facebook on a wide range of subjects. That was the case when David Marcus, who's in the executive in charge of Libra testified a few months ago. And I think we'll see that come to the fore again here where Libra is kind of a main focus, but that's used to segue to other topics such as data privacy and antitrust.

Jacob Sonenshine: As always, thanks to our tech experts, Nelson Wang and Annie Gaus, TheStreet's tech editor and tech reporter. For the latest on what to expect out of Facebook, Congress and tech regulation. See Annie's piece on TheStreet.com.

The latest tech issue to come to the forefront publicly has been Facebook's (FB - Get Report) controversial cryptocurrency, Libra.

While Libra will be the topic CEO Mark Zuckerberg presents on in front of the House Financial Services Committee Thursday, the wide slate of tech issues up for potential government regulation will be hard for Congress to ignore. For now, PayPal (PYPL - Get Report) , Visa (V - Get Report) , Mastercard (MA - Get Report) , Stripe and Bookings Holdings (BKNG - Get Report) have all pulled out from involvement with Libra, and Congress is interested in understanding what risks the currency may pose.  

But mega-cap tech companies Facebook, Google (GOOGL - Get Report) and Amazon (AMZN - Get Report) are facing potential regulation on a number of related issues. For Facebook, "there are a lot of concerns about regulation liability, how exactly it's going to operate," said TheStreet's Tech Editor Nelson Wang. "And the other big issue is anti-trust concerns. Over the last few years, they've bought up a lot of companies, amassed a lot of market share in the social networking space, but there are some concerns that some of what they've done is anti-competitive." 

TheStreet's tech reporter Annie Gaus said, "It's very likely that we'll see the proposed cryptocurrency, Libra, being used as an entry point for lawmakers to really press Facebook on a wide range of subjects. I think we'll see that come to the fore again here, where Libra is kind of a main focus, but that's used to segue into other topics such as data privacy and antitrust." 

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