Two days after Facebook announced plans for the creation of a new cryptocurrency for its 2.7 billion users last month, the tech giant presented its 12-page white paper to more than a dozen officials from the Treasury Department, the Securities and Exchange Commission and other agencies.
Democracy Dies in Darkness
Facebook privately pitched its cryptocurrency plan last month to regulators. They were left even more scared.
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July 16, 2019 at 6:36 p.m. EDT