Libra Loses Key Members, Potentially Forked — Still Looks Confident

Earlier this week, initial members of the Libra Association formalized a governance structure after holding their inaugural meeting in Geneva. The transition happened just days after seven high-profile participants, including Visa (NYSE:), eBay (NASDAQ:) and Mastercard (NYSE:), chose to leave the organization.

Libra’s setback happened amid general regulatory upheaval in the crypto industry: In October alone, United States authorities fined developer Block.One for holding an unregistered securities offering and halted TON — the largest private token offering — over similar charges.

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