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A new beta version of icp-cli is released (v0.1.0-beta.1) you can install it through brew:

brew tap raymondk/icp-cli
brew install icp-cli

The local network launcher is installed as a depdendency. It is a wrapper around pocket-ic that keeps a stable interface so the local network and the cli stay compatible and developers can use the same cli with different versions of the network.

Relevant repos: