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    Jack Dorsey, the bitcoin-friendly CEO of Twitter, is expected to step down from his position as head of the social media giant, according to CNBC.

    • CNBC reported Monday that Dorsey is expected to step down as CEO of Twitter, according to sources.
    • Dorsey is a well-known fan of bitcoin, having initiated several projects involving the crypto both through Twitter and through payments company Square, of which he is also CEO.

    This is a developing story and will be updated.

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