Facebook failed to allay skepticism US lawmakers voiced over Libra

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Facebook failed to allay skepticism US lawmakers voiced over Libra
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Facebook accepts that Libra won't launch without regulatory approval, and its last exchange with lawmakers suggest an inevitable delay:

the Financial Times. The company had hoped to blunt the barrage of disapproval it's faced since announcing Libra last month.

Committee members were quick to point out the series of scandals that have engulfed the company. When Facebook announced Libra, wethat the company's recent controversial history would be the biggest barrier to the project.

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