Former CEO of Fei Bookcoin Project: ”Business to close due to pressure from US regulators”

It has been alleged that Meta (former Facebook)'s stablecoin project "DEM" has shut down due to political pressure from US regulators.
According to reports, former CEO David Marcus Diem said the project "could not withstand political pressure from U.S. regulators."
"It was 100 percent like a political casualty," he said. He continued, "At the time, the government was urging regulators to halt the project.
"There was no legal or regulatory basis for this," he said, "This was 100 percent a political killing, and the captured silver was
"Two weeks after announcing the launch of Project Diem, he appeared as a witness before the U.S. Senate Banking Committee and the House Financial Services Committee.
"At the time, Federal Reserve Chairman Jerome Powell argued that the project could be pursued in a 'limited manner,' but Treasury Secretary Janet Yellen
, and opposed going ahead with the project, saying it would be "political suicide."