According to DLNews, David Marcus, former head of Meta's (formerly Facebook) stablecoin project Diem, revealed new details about the project's failure. He claimed that political intervention was the reason for the failure of the project, rather than non-compliance with regulatory requirements. Marcus stated that the project fully complies with regulatory requirements and is ready for a small-scale launch in 2021, but US Treasury Secretary Janet Yellen told Federal Reserve Chairman Powell that approving the project would be a 'political suicide'. Shortly thereafter, the Federal Reserve put pressure on banks to withdraw. Caitlin Long, CEO of CustodiaBank, said that her company is also facing similar attacks. "One day... I will be able to tell the real story of what the Federal Reserve did to CustodiaBank." She added, "There is too much corruption." Previously, a16z founder Marc Andreessen revealed that 30 tech founders had their accounts revoked by the bank solely due to their involvement with digital currencie