Will Facebook / Meta restart their crypto project (Diem / Libra) under the Trump administration? (Stablecoin Payments)
KryptoOne-OffRegulierungTechnikStablecoinUS Politics2J
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Diem (formerly known as Libra) was a permissioned blockchain-based stablecoin payment system proposed by the American social media company Facebook.
- The plan also included a private currency implemented as a cryptocurrency.
- The launch was originally planned to be in 2020
- Backstory from the project's co-creator on why it was initially canned:
- [tweet]RESOLUTION:
- Resolves yes if Meta attempts/announces their intention to restart the project (i.e. doesn't matter if this attempt is successful / given regulatory approval) before the end of Trump's current term (i.e. by ~ EOY 2028)