"We will continue to evaluate and our ultimate decision will be determined by a number of factors, including the Association's ability to fully satisfy all requisite regulatory expectations."
Co-creator of Libra, David Marcus took to Twitter to respond to the news.
I would caution against reading the fate of Libra into this update. Of course, it's not great news in the short term, but in a way it's liberating. Stay tuned for more very soon. Change of this magnitude is hard. You know you're on to something when so much pressure builds up.-- David Marcus (@davidmarcus) October 11, 2019
Regulators and politicians around the world have expressed concerns about Libra. Concerns range from monetary policy to data collection and use, which is something Facebook has a chequered record with.