Facebook-Backed Libra Project Gets New CEO

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Facebook-Backed Libra Project Gets New CEO
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Libra, Facebook’s cryptocurrency project, is bringing on as chief executive Stuart Levey, HSBC’s chief legal officer and a former U.S. Treasury undersecretary

In its quest to launch a digital coin, Facebook hit a series of snags as companies pulled out of the project and regulators questioned the social-media giant’s ability to manage a currency. WSJ’s Paul Vigna explains the global backlash against Libra.

) Photo: Debarchan Chatterjee/Zuma Press
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