First Facebook tried to distance its toxic name from the Libra stablecoin project it launched and championed by renaming its Calibra wallet Novi in May. Now the Libra Association is following suit, renaming itself the Diem Association in hopes of starting a “new day” for the much-opposed project.
Libra adds CFO, chief risk officer
The Libra Association announced that former HSBC, Credit Suisse banker Ian Jenkins has taken on the dual role at the global stablecoin’s governing body
The Facebook-founded group announced on Oct. 15 that Ian Jenkins has taken up the dual role of CFO and chief risk officer. He joins recently appointed CEO Stuart Levey and Chief Legal Officer Steve Bunnell at the helm of Libra’s governing body.
Blockchain Capital joins Libra Association
Leading VC joins the would-be stablecoin creator, adding a badly needed boost after a summer of rebuilding
Saying the firm believes “deeply in the mission of creating a more equitable payment system,” Blockchain Capital Co-founder and Managing Partner Bart Stephens added that using “blockchain technology to improve financial access and promote innovation has been at the core of Blockchain Capital’s portfolio strategy.”
Libra hires ex-Homeland Security general counsel as chief lawyer
This is the second time that the Libra Association changed its top lawyer in three months
The Libra Association has appointed Stevan Bunnell, a former general counsel at the U.S. Department of Homeland Security, as its chief legal officer.