U.S. Lawmakers: The essence of the Libra project has not changed and can still be considered a security.

Recently, a council member from Houston, Texas, who is also a member of the House Financial Service Committee, expressed his views on the latest developments of the Libra project. The council member pointed out that although the Libra project has undergone some adjustments, its essence remains unchanged. He believes that the new version of Libra still derives value from multiple currencies and can therefore still be regarded as a security under the Howey test standard.

The legislator emphasized that the latest updates to the Libra project have not fundamentally changed the securities nature of its stablecoin. He stated that there are still many unanswered questions regarding why such a cryptocurrency needs to be developed and how it will affect the global economy and consumers.

As an important figure in financial regulation, the congressman pledged to continue efforts to ensure that the Securities and Exchange Commission (SEC) can effectively regulate such assets according to current securities laws. His statement reflects the regulator's ongoing vigilance towards emerging financial technologies.

This event has once again raised people's concerns about the regulatory issues surrounding cryptocurrencies. As digital currency projects continue to develop, finding a balance between innovation and regulation has become a common challenge faced by policymakers in various countries. In the future, relevant parties may need to engage in further in-depth dialogue to establish a regulatory framework that can both promote financial innovation and effectively mitigate risks.