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Facebook’s Marcus Vows to ‘Move Forward’ With Libra, Add Members

Oct. 15, 2019, 11:18 PM

The Facebook Inc. executive responsible for the embattled Libra cryptocurrency said he doesn’t fault companies that pulled out of the project, adding that he’s optimistic more organizations will sign on despite intense opposition from politicians who seem to fear financial innovation.

“I totally respect the fact that those businesses and those leaders have a responsibility to their shareholders, employees and stakeholders,” Facebook’s David Marcus said in a Tuesday interview with Bloomberg Television. “We are going to move forward. We are going to add more members.”

Facebook suffered a setback in recent days when a quarter of the membership of Libra’s ...