Chinese American Presidential Candidate Yang Anze: Members of Congress should fully understand Libra

In 2020, Chinese American presidential candidate Andrew Yang (Yang Anze) said in a blog post that economic activities related to cryptocurrency and digital assets have appeared in large numbers, and the government’s response has lagged behind. The national framework for regulating these assets has not yet been established. Several federal agencies claim that jurisdictions conflict. In order to effectively monitor innovative technologies such as blockchain and cryptocurrency, the US government needs to understand it first. The ignorance of members of Congress at Libra’s hearings is embarrassing. Without a basic understanding, it is impossible to expect the government to properly supervise large technology companies, nor can they expect them to draft relevant laws on key technical issues facing artificial intelligence and cybersecurity.