U.S. lawmakers: Libra may still be considered a security after the update.

Recently, a city council member and member of the House Financial Service Committee from Houston, Texas, expressed his views on the latest version of the Libra project. He pointed out that although Libra has been updated, its essence has not changed; it remains a product that derives value from multiple currencies. In his opinion, based on the standards of the Howey test, Libra can still be considered a security.

The congressman emphasized that the latest adjustments 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 impact the global economy and consumers.

He promised to continue working to ensure that relevant regulatory agencies can appropriately supervise such assets in accordance with existing securities laws. This reflects the cautious attitude of government departments towards emerging financial technologies, as well as their concern for consumer rights protection.

This statement indicates that, despite the ongoing adjustments and improvements to the Libra project, it still faces challenges and doubts from regulatory authorities. Finding a balance between innovation and compliance will be key to the future development of the Libra project. At the same time, this also highlights the ongoing game between regulatory policies and technological innovation in the field of digital currency.