David Marcus: Political Pressure Killed Facebook’s Libra Project
Gemini co-founder Cameron Winklevoss revealed that US Secretary Janet Yellen’s decision to close Facebook Libra was a political witch hunt. David Marcus, the former head of Facebook’s now-defunct Libra stablecoin project, later renamed Diem, disclosed how the Biden administration halted its progress despite meeting all regulatory requirements. In his post titled “How Libra Was Killed,” […]