David Marcus, the former chief of the Facebook Libra stablecoin project, has written a post explaining how the Biden administration successfully halted the project despite meeting all regulatory requirements. In his post, titled "How Libra Was Killed," Marcus provides a comprehensive account of the political battle and sheds light on how US Treasury Secretary Janet Yellen prevented the Federal Reserve Chair Jerome Powell from approving it.
- Content Editor ( coingape.com )
- 2024-11-30
Facebook Libra Was Killed Politically By Pressure from US Secretary Janet Yellen