CandleFocus Facebook Libra Was Killed Politically By Pressure from US Secretary Janet Yellen
2024-11-30
Author: Content Editor
David Marcus, the former chief of the Facebook Libra stablecoin project, has written a post explaining how the Biden administration successfully halted the project despite meeting all regulatory requirements. In his post, titled "How Libra Was Killed," Marcus provides a comprehensive account of the political battle and sheds light on how US Treasury Secretary Janet Yellen prevented the Federal Reserve Chair Jerome Powell from approving it.
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