According to news on December 2, Diem (formerly known as Libra) co-founder David Marcus posted on social media that by the spring of 2021, Diem has solved all possible regulations in financial crime, money laundering, consumer protection, reserve management, etc. Question, ready to start. But at the time, Treasury Secretary Janet Yellen told Fed Chair Jerome Powell that allowing the program to go forward would be "political suicide." The Federal Reserve then held a meeting and told several banks that they were "unwilling" to allow banks to participate in the project. Libra was already sentenced to death at that time. David Marcus said there were no legal or regulatory grounds for the project to be terminated by governments or regulators. This is 100% political strangulation - carried out by intimidating captive banking institutions. For him personally, the most unacceptable thing is not the failure, but that such a thing happened in the United States.