Reuters: "A bill prohibiting large technology companies from launching digital currencies" is difficult to pass

On July 15, Reuters issued an article on the draft legislation “Prohibiting large technology companies from launching digital currencies.” The analysis said that such a comprehensive proposal may lead to opposition from House Republicans in the House of Representatives. They are keen on innovation and the bill may be difficult in the House of Representatives. Get enough votes in favor. Even if the bill is passed in the House of Representatives, it must pass the Senate again, which may be another hard struggle. Note: A draft discussion entitled Keep Big Tech Out Of Finance appeared before Libra's US Congress hearing. The bill aims to prevent Internet and technology giants from becoming financial institutions and to try to prohibit these companies from "building, maintaining or operating digital assets." According to people familiar with the matter, the draft discussion was proposed by the staff of the US House Financial Services Committee.