SEC Chairman: Whether Libra Coin and Libra Investment Tokens are securities pending confirmation

At the group hearing of the US House of Representatives Financial Services Committee and the SEC Chairman and members, Congressional Representative Al Green asked Libra that there are actually two products, Libra Coin and Libra Investment Token. Libra is supported by Libra Reserve, and Libra Reserve is managed by the Libra Association. Members of the Libra Association invest in Token in order to obtain revenue. From this perspective, can it be identified as securities? In response, SEC Chairman Jay Clayton responded: "The Libra Coin and Libra investment tokens are still subject to further research."