The big picture: Visa, Mastercard and Paypal were the largest payment companies in Facebook's "Founding Members" group, or organizations that said it would back the Switzerland-based foundation that plans to manage the Libra cryptocurrency.
SEC halts high-profile Telegram digital tokens
The U.S. Securities and Exchange Commission has obtained a court order to temporarily halt the distribution of digital tokens sold by messaging app Telegram for failing to register as a sale of securities.
Why it matters: This is the most high-profile "initial coin offering" (ICO) in which the SEC has intervened. The ICO attracted buyers that included top Silicon Valley VCs and cryptocurrency investors (the commission found that it sold 1 billion tokens to 39 U.S. purchasers).