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,” […]
Janet Yellen Applauds Joe Biden’s Leaked Executive Order for Getting the Crypto Market Moving
Joe Biden’s executive order on cryptocurrency has been leaked just a day before it is set to be signed on March 9th. In reality, crypto aficionados have obtained access to the remark from Treasury Secretary Janet Yellen. According to the information provided, Yellen hails the crypto executive order as “historic” and one that achieves a balance between responsible innovation and consumer safety. In terms of specifics, Yellen says: President Biden’s historic executive order calls for a coordinated and comprehensive approach to digital asset policy. This approach will support responsible innovation that could result in substantial benefits for the nation, consumers, and businesses. It will also address risks related to illicit finance, protecting consumers and investors, and preventing threats […]