Wall Street seems to like Mark Zuckerberg's testimony, as Facebook shares rise

Facebook shares are heading higher as CEO Mark Zuckerberg is testifying on the company's cryptocurrency project.

on the company's controversial cryptocurrency plans and so far Wall Street seems to like what he has to say.

Shares of Facebook rose as much as 1.6% in mid-day trading. The stock started to climb around 10:45 a.m. EST, as Zuckerberg began to deliver hisIn his opening statement, Zuckerberg discussed how libra, Facebook's cryptocurrency project, will help "extend America's financial leadership" and encourage democratic values around the world. He also emphasized that Facebook won't take steps to develop libra without necessary approval from US regulators.

Once again, Zuckerberg attempted to distance Facebook from the Libra Association, which is the group that oversees libra, by saying that the group will determine the future of the cryptocurrency -- even though the idea was originally developed internally at Facebook by Facebook employees. The Libra Association recently saw several key members depart, including

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