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The public is justified in its skepticism of Facebook’s coming cryptocurrency “Libra.” But in government’s rush to regulate the tech behemoth’s digital currency, lawmakers should balance their wariness of Facebook with the potential of the underlying technology. An overzealous, heavy-handed, or knee-jerk response could benefit Facebook while hurting some truly transformative projects around the world.

You’d be naive to think that Facebook does not recognize how it might use such regulation to its own advantage.

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