US Congressman: Bitcoin, Ethereum and XRP are real encryption assets, but Libra is not

At Wednesday's US House Financial Services Committee hearing on Libra, North Carolina Republican Congressman Ted Budd differentiated Libra from cryptographic assets, warning Washington that efforts should be made to avoid stifling blockchain technology innovation. He said: "Before we discussed the draft legislation, it was crucial for committee members to distinguish between Libra and real cryptocurrencies (such as Bitcoin, Ethereum and XRP) because Libra is not a true cryptocurrency. Many proposals will To stifle financial innovation, if we want to continue to maintain a world-leading position in the field of financial technology, it is essential that the Commission cannot accept laws against cryptocurrencies and against reforms."