Blockstack CEO says he's "cautiously optimistic" on Libra

11 Jul, 2019
by Richard Allen
Blockstack CEO says he's cautiously optimistic on Libra

Blockstack has been making headlines lately, with its $28 million token sale being approved by the SEC. Now, Blockstack chief executive, Muneeb Ali has shared his thoughts on Facebook’s upcoming cryptocurrency, Libra.

Despite the crypto market reporting mixed reactions to Libra, Ali has decided to give them the benefit of the doubt, despite many arguments against Facebook and Mark Zuckerburg. During an interview with CNBC’s Squawk Box, Ali says he remains “cautiously optimistic” on Libra, largely because Zuckerburg and Facebook are taking the backseat on the project:

“I think overall it’s a good development. I’m cautiously optimistic in the sense that Facebook the company has done certain things in the past that would make you distrust the company. But this team is new. I actually know the leadership team there, I think they have really good intentions and they're trying to do the right thing.”

While not everyone is a fan of Libra, the Winklevoss twins, arguably most well known for their legal battle with Zuckerburg, have recently come out saying they are considering joining Libra’s consortium of validators.

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