https://www.wired.com/story/ties-bind-facebooks-libra/

In June, Facebook revealed plans for Libra, a cryptocurrency it hopes will shake up the global payments industry. Facebook says it won’t control Libra, and that key decisions will be in the hands of the Libra Association, a group registered in Switzerland with as many as 100 members, each with equal voting power.

“No single organization can, or should, be solely responsible” for Libra, David Marcus, the Facebook executive who leads the Libra project, told the US Senate Banking Committee in July. “We believe a cooperative approach is both warranted and necessary, and we are therefore working to develop the Libra Association: an independent membership-based organization."