Facebook Retreats From Cryptocurrency Ad Ban

Meta has reversed its policy, now allowing most cryptocurrency companies to advertise on its platforms if they possess one of 27 eligible regulatory licenses. Previously, advertisers had to submit detailed applications. This change follows Meta's unsuccessful attempt to launch its own cryptocurrency. Additionally, David Marcus, head of Facebook's crypto efforts, announced his departure from the company.

What was the purpose of the cryptocurrency that Meta tried to launch?

What was the name of the head of Facebook's crypto efforts who announced his departure?