Facebook and the Libra Association have said
they would not start trading or accepting
deposits for Libra until they satisfy U.S.
regulators concerns. Dante Disparte, Libra’s head
of policy and communications, said that the
association is now in active talks with regulators
to get approval. Facebook has also hired several
Washington lobbyists to help alieve regulator
and political concerns over Libra.
The other three directors elected to the
association’s board were Matthew Davie of Kiva
Microfunds, Patrick Ellis with PayU and Wences
Casares of Xapo Holdings Ltd.