Diem Co-founder accuses Yellen and the Federal Reserve of killing the project in its early stages through political means

On December 2nd, Diem (formerly known as Libra) co-founder David Marcus wrote on social media that in the spring of 2021, Diem had already solved all possible regulatory issues related to financial crime, money laundering, consumer protection, and reserve management, and was ready to launch. However, at that time, Treasury Secretary Janet Yellen told Federal Reserve Chairman Powell that allowing the project to continue was "political suicide." Subsequently, the Federal Reserve held a meeting and told several banks that they were "unwilling" to let banks participate in the project, and Libra was already sentenced to death at that time. David Marcus said that the government or regulatory agencies did not terminate the project from any legal or regulatory perspective. This is 100% political assassination - executed by threatening captive bank institutions. For him personally, the most difficult thing to accept is not failure, but that such a thing actually happened in the United States.