Facebook Libra Launch Assisted by Former Prosecutor Tasked With ‘Taking Down Bitcoin’

This strange and twisting tale begins with Katie Haun, a U.S. Department of Justice prosecutor. Haun, who was normally busy probing prison gangs, corrupt officials, and the mafia — was tasked with trying to shut down Bitcoin.

When that became implausible as it was ridiculous, Haun pivoted to become the first female general partner at Andreessen Horowitz, one of the Libra Association members looking to launch Facebook’s stablecoin.

In the past ten years, Bitcoin, as an entity, has flourished in the mainstream to a point where it is no longer an enigma of the dark web but rather an institutional financial tool and asset. However, some seven years ago, when the only mentions of Bitcoin were tied to buying drugs and illicit goods, it was catching the eye of the U.S. Department of Justice for the wrong reasons.

Haun explains how, when she was a federal prosecutor, her boss at the U.S. attorney’s office asked her to look into Bitcoin, which she had never heard of before, and try shutting it down.


#BTC #Libra

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