U.S. federal regulators ultimately prevented the Diem project from proceeding in its proposed form.

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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 10: BUILDING-BLOCK REALITY Catching the Spotlight

"U.S. federal regulators ultimately prevented the Diem project from proceeding in its proposed form."

Diem's CEO said that despite positive feedback on aspects of the network design, dialogue with federal regulators made clear that the project could not move ahead, leading Diem to sell its assets and wind down.

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Source title Statement by Diem CEO Stuart Levey on the Sale of the Diem Group’s Assets to Silvergate

Source authors Stuart Levey

Source year 2022

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