There has been a lot going on with Libra, the regulators have been trying to head on heels to block the cryptocurrency’s launch but Libra is still going strong. Recently, Mark Zuckerberg CEO of Facebook was summoned to testify in front of the U.S. House Financial Service Committee on Wednesday where he said that Facebook won’t be a part of the Libra Association if it doesn’t comply with all the regulatory concerns. Many big names have already rejected the idea of Libra and very recent among the lot is social media giant Twitter’s CEO, Jack Dorsey.

When asked at a New York City-based Twitter event whether Twitter will be joining the Libra Association anytime, Dorsey replied “Hell no”, The Verge reported on Thursday. He mentioned that Libra was not based on an open standard was rather “born on the internet”.

“It was born out of a company’s intention, and it’s not consistent with what I personally believe and what I want our company to stand for,” said Dorsey.

He further added that Libra didn’t have to be based around a cryptocurrency to achieve its goals of banking the unbanked. He said:

“Nothing within Libra had to be a cryptocurrency to do what they want to do. They use that label liberally. It’s completely incorrect.”

Dorsey, however, isn’t against cryptocurrencies in any way. He is a noted bitcoin and lightning network advocate and had launched Square Crypto earlier this year. The company focuses on the open development of the bitcoin network. The company has also hired renowned bitcoin developer Matt Corallo along with some other devs back in September from companies like Facebook, Lightning Labs, and Google. He was enthusiastic about decentralized cryptocurrencies and considers them as a part of an emergent international online community. He said:

“I think the internet is somewhat of an emerging nation-state in almost every way. It almost has a currency now in the form of cryptocurrency and bitcoin.”

The New York event also saw Dorsey talking about Facebook CEO Mark Zuckerberg’s testimony before the U.S. House Financial Service Committee. As per tweets from The Hollywood reporter journalist Alex Weprin, Dorsey said: