Libra Association Appoints Former FinCEN Head as General Counsel

On May 19, the Libra Association, which is responsible for overseeing Facebook’s Libra stablecoin initiative, announced the appointment of Robert Werner as its general counsel. This move appears to be part of a broader strategy to improve relations with regulators.

Werner comes with a wealth of experience from both public and private sectors. He has previously served as the director of the Financial Crimes Enforcement Network (FinCEN) and has held executive roles at HSBC and Goldman Sachs, focusing on policy and regulatory matters.

This appointment signals the association’s commitment to navigating the regulatory landscape more effectively.