Mark Zuckerberg’s Diem cryptocurrency plans unravel as Meta weighs sale amid regulatory pressure

The controversial cryptocurrency project that Mark Zuckerberg once defended in front of Congress is unravelling after regulatory pressure.The Diem Association, a cryptocurrency initiative once known as Libra backed by Meta Platforms Inc, is weighing a sale of its assets as a way to return capital to its investor members, according to people familiar with the matter. Diem is in discussions with investment bankers about how best to sell its intellectual property and find a new home for the…


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