Diem May Be Gone, but Its Legacy Lives On

Diem May Be Gone, but Its Legacy Lives On
The Diem Association will wind down its operations in the coming weeks after selling its assets to Silvergate Bank. It’s time to revisit the chief legacy it leaves behind: A more involved regulatory framework than it may have intended.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.Bonum noctisThe narrativeThe Facebook-backed Diem Association is shutting down operations, just two and a half years after it was revealed to the world as Libra.Why it mattersWe’re talking about Diem again, not because it is interesting – I’m not…