Bloomberg Law Analysis

ANALYSIS: Libra Sends Strong Message With CEO and GC Hires

May 22, 2020, 4:41 PM

The Libra Association’s recent announcements of its first CEO, former Under Secretary of the Treasury for Terrorism and Financial Intelligence (TFI) Stuart Levey, and first general counsel, former director of the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC), fundamentally change the outlook for the Libra cryptocurrency project.

These moves follow almost a year of delay, negative news coverage and the loss of several original members, but the Libra project has now positioned itself as well as possible to satisfy U.S. regulators and Congress and move the project forward.

Note: The author worked...

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