Libra Exec Hirings Suggest Commitment to Anti-Crypto Regulations

[Oxumare]

Experts believe that Libra’s hiring spree signifies a willingness to comply with existing legal and financial guidelines.

Following a big-time update to its white paper in mid-April, the Libra Association has over the past couple of weeks made a string of striking new additions to its core governance team, including appointing Robert Werner as its general counsel and Stuart Levey as its CEO. Before joining the Libra Association, Werner served as the director of the Financial Crimes Enforcement Network, known as FinCEN, as well as holding a number of top leadership positions at financial firms such as HSBC, Goldman Sachs and Merrill Lynch. Similarly, Levey most recently was the chief legal officer for HSBC Holdings.

In addition, the Libra Association has also been able to rope in Temasek, one of Singapore’s two government-owned investment vehicles, along with San Francisco-based crypto investment company Paradigm Fund and private equity firm Slow Ventures to its ever-growing consortium. Temasek claims to currently be in possession of a financial portfolio worth $219 billion.

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