**Libra: An Ambitious Project Stumbled by Politics!**

- David Marcus, the former head of Facebook's Libra blockchain project, revealed the reason for the project's downfall. He said it was not because of the law, but "100% political assassination." 😅

- Libra, which was later renamed Diem, was designed to be a global payment solution. However, just two weeks after its launch, Marcus had to face the Senate Banking Committee and the House Financial Services Committee.

- Despite overcoming all regulatory concerns, the project stalled after a meeting between Federal Reserve Chairman Jay Powell and Treasury Secretary Janet Yellen. Yellen called supporting Libra "political suicide."

- Marcus was disappointed, especially because the political pressure came from the country he considered home.

- Despite the failure, former members of the Libra team are now active in other blockchain projects such as Aptos and Sui. Marcus himself started Lightspark, focusing on the Bitcoin Lightning Network.

What do you think about politics and innovation? Let's discuss in the comments column!