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Consumer Advocates Urge Libra Members to Quit Facebook Crypto

Daniel Kuhn
From Silicon Valley to Washington, DC, Facebook's Libra is causing concern everywhere it turns up. This CoinDesk video explores what happened in the halls of power when the first major corporation joined the crypto party.

Related: WATCH: Former CFTC Advisor Sees ‘Mistrust’ as Libra’s Fatal Flaw

“We understand that Facebook is a powerful company, and that it has in part generated a climate of fear with its market dominance. But if you collectively withdraw from the project, it will signal that the just-beginning era of digital money will be based on fair rules and democratic deliberation, and not intimidation by the powerful.”

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