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Tag: Political Resistance

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How Political Resistance Crushed Facebook’s Libra Vision for Global Payments

In Brief David Marcus, former leader of Facebook’s Libra project, revealed that political forces were behind the initiative’s downfall. Marcus described how US officials, including Treasury Secretary Janet Yellen, reportedly influenced support for the project. Due to this, Marcus emphasized the importance of decentralization for future financial systems, while endorsing Bitcoin. David Marcus, the former…
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