[exdsq]

One issue with Libra was Facebook. FB has the user numbers and money to roll out a potentially successful cryptocurrency that's marketed as a currency. Regulators got scared and it got critiqued/shut down across almost every market.

[MuffinFlavored]

why would a successful cryptocurrency scare regulators? bitcoin is "successful". coinbase and popular wallets are "regulated" (reported to IRS, etc.)

[Vespasian]

Facebook controlling what is equivalent to a central bank is scaring regulators. No one wants Mark in charge of the money supply.

Partnering with a project that isn't Facebook helps with that (at least a little bit)