mark zuckerberg once defended for congress seems to have met it demise. bloomberg has learned that diem, the cryptocurrency once known as libra, is trying to sell it assets. i'm joined by bloomberg's kurt wagneras the final blow? kutt -- kurt: diem had been struggling with regulatory issues for the last year and a half. what happened was, they had a bank lined up to try to issue a stablecoin for them in the u.s., and the federal reserve said we are not going to approve this, or can't guarantee we are going to approve this. as a result, there was this muddy future. ultimately, the bank and partner decided, we are not willing to stick our neck out for this project any longer. and here you are, diem doesn't have a coin, doesn't have a partner and are now trying to selloff the assets they have left. emily: jack dorsey, former ceo of twitter and ceo of block working on his own cryptocurrency project, so your story and tweeted out carpe diem , seize the day. -- seize the day. >> jack dorsey was not a big fan of crypto and i don't think he saw this as real crypto. he saw this as a mark zuckerberg, facebook-controlled invention. to him, that goes against what crypto is supposed to be. so clearly, not