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Facebook Libra Was Killed Politically By Pressure from US Secretary Janet Yellen

30.11.2024

David Marcus, former chief of now-defunct Facebook Libra stablecoin project, has openly revealed how the Biden administration killed the project despite passing all regulatory checks. In his detailed post “How Libra Was Killed“, Marcus provides a complete overview of the political slugfest. He also details how US Treasury Secretary Janet Yellen prevented Fed Chair Jerome Powell from giving it the go-ahead.

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30.11.2024
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