• Zuckerberg plans to tell lawmakers he supports delaying Libra's launch, currently set for mid-2020.
• The Libra digital currency is intended to facilitate money transfers, not to compete with sovereign currencies or impact monetary policy.

In prepared testimony, Zuckerberg plans to tell lawmakers he supports delaying Libra's launch, currently set for mid-2020, until US regulatory concerns are fully addressed.

And he will add that the Libra digital currency is intended to facilitate money transfers, not to compete with sovereign currencies or impact monetary policy.