Facebook Libra Was Killed Politically By Pressure from US Secretary Janet Yellen

David Marcus, former chief of now-defunct Facebook Libra stablecoin project, has openly revealed how the Biden administration killed the project despite passing all regulatory checks. In his detailed post “How Libra Was Killed“, Marcus provides a complete overview of the political slugfest. He also details how US Treasury Secretary Janet Yellen prevented Fed Chair Jerome Powell from giving it the go-ahead.