Many Libra Founding Members Leave After Letter From Congress
A number of founding Libra members have dropped out following a letter from Congress.
The story is summed up well by the three Tweets featured on this page.
The main things to consider here are:
- How important are these founding members to Libra?
- How likely is it that Libra will be able to see a launch with the current regulatory pressure on them?
https://twitter.com/brian_armstrong/status/1183473591502934016?s=20
Booking Holdings drop out of Facebook's Libra too. Now Visa, Mastercard, Stripe, eBay, PayPal, Mercado Pago and Booking are all out. pic.twitter.com/3tOO1M3ZCH
— Larry Cermak (@lawmaster) October 14, 2019
U.S. Treasury Secretary Mnuchin said backers of Facebook’s Libra withdrew from the project, fearing it would not meet regulatory standards.
Report by @jp4874 https://t.co/imdWzK6IhT@USTreasury @Libra_ @calibra
— CoinDesk (@CoinDesk) October 14, 2019
Author: Thomas DeMichele
Thomas DeMichele has been working in the cryptocurrency information space since 2015 when CryptocurrencyFacts.com was created. He has contributed to MakerDAO, Alpha Bot (the number one crypto bot on Discord),...
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