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Top related persons:
Diem - 1 David Marcus - 1 — - 1 Libra - 1 Marcus - 1 Jerome Powell - 1 Jay Powell - 1 Janet Yellen - 1
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Meta - 1 Diem Association - 1 Libra Foundation - 1 Mastercard - 1 PayPal - 1 Uber - 1 Spotify - 1 Bank - 1

Search resuls for: "Diem Association"


2 mentions found


☆ Former Meta exec says the company's failed crypto project was '100% a political kill' by regulators
  + stars: | 2024-12-02 | by ( Sarah Jackson | ) www.businessinsider.com   time to read: +6 min
An ex-Meta exec in charge of the company's crypto Libra, later renamed Diem, says its shutdown was political. Meta's former head of its Libra project says roadblocks from regulators effectively shut down the company's cryptocurrency effort — and the way he sees it, it was "100% a political kill." AdvertisementLibra was a stablecoin digital currency project announced by Facebook in 2019 to provide financial services to billions of "unbanked" people around the world. AdvertisementMeta CEO Mark Zuckerberg testified before Congress about the company's financial services plans a few months after Marcus. Zuckerberg said during his appearance before lawmakers that Facebook would drop out of the Libra project if it didn't gain the approval of US regulators.
Persons: Diem, David Marcus, —, Libra, Marcus, Jerome Powell, Jay Powell, Janet Yellen, wasn't, Sen, Sherrod Brown, Brian Schatz, Mark Zuckerberg, Zuckerberg, Donald Trump, Benoit Coeure, I'm, Meta's, that's, Lightspark Organizations: Meta, Diem Association, Facebook, Libra Foundation, Mastercard, PayPal, Uber, Spotify, Bank, Banking Committee, Financial, Diem, US Treasury, Business, Fed, Libra Association, Visa, European Central, U.S ., Cambridge
☆ Oracle Hires Chief Legal Officer From Facebook’s Blockchain Project
  + stars: | 2022-11-10 | by ( Mengqi Sun | ) www.wsj.com   time to read: +2 min
Oracle Corp. said it has hired the former chief executive officer of Meta Platforms Inc.’s now-closed cryptocurrency project as its new legal chief, the company said Thursday. Stuart Levey until June served as the CEO of the Diem Association, Meta Platform’s cryptocurrency project, also formerly known as Libra. Mr. Levey joined the Diem Association in August 2020 after working at HSBC Holdings PLC for more than eight years, including serving as the bank’s chief legal officer and managing more than 900 lawyers. Between 2004 and 2011, Mr. Levey served as the U.S. Treasury Department’s undersecretary for terrorism and financial intelligence, one of the agency’s top officials in charge of imposing sanctions and combating illicit finance. Representatives for Oracle declined to make Mr. Levey available for an interview.
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