Facebook supports delay of embattled Libra project, Zuckerberg to tell Congress

• Cryptocurrency venture facing pushback from legislators
• Facebook CEO says company is 'not the ideal messenger'

Mark Zuckerberg will tell Congress on Wednesday he is willing to delay the launch of Facebook's cryptocurrency venture Libra amid growing pushback from legislators and waning support from companies that initially backed the project.

"I believe this is something that needs to get built, but I understand we're not the ideal messenger right now," the Facebook CEO wrote in his prepared statement, released ahead of Wednesday's hearing in Congress over the launch of the digital coin.