In the early morning of July 18, 2019, Beijing time, the hearing of the House of Representatives ended. So far, the two hearings in the Senate and the House of Representatives of David Marcus, the head of Facebook Libra that has attracted much attention, have officially ended.
On the one hand, the two hearings conveyed the recognition of blockchain and cryptocurrency, and on the other hand, they also reflected doubts and opposition to Facebook and Libra.
Regarding the hearings and the future direction of cryptocurrencies, Deep Chain Finance exclusively interviewed Dr. Omer Ozden, a member of the Congressional caucus and Facebook’s legal counsel, who witnessed the two hearings. It is reported that he There will also be a closed-door meeting with the legal team and 21 members of the Senate and House of Representatives on the 18th Eastern Time.
Dr. Ouyang Mo is the founder and CEO of RockTree LEX, international partner of ZhenFund, partner of DGroup/DFund, and co-founder of Ucommune.
In addition, he is also a licensed lawyer in New York State, USA, with more than 20 years of experience as a lawyer. In 2006, he became Facebook's legal counsel.
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[Deep Chain Original]
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Deep Chain Finance:
Deep Chain Finance:Judging from the video, the atmosphere of the hearings last night was quite tense. What did you discover and feel when you participated in these two hearings?
Ouyang Mo:Deep Chain Finance:
Deep Chain Finance:Do you think regulators understand blockchain?
Ouyang Mo:The U.S. government doesn’t know much about blockchain. Fortunately, now the blockchain and cryptocurrency have reached a certain level. In Chinese, it is Wall Street 2.0. The blockchain is becoming more compliant and institutionalized. Institutional investors, large investment banks, and technology companies quickly entered the blockchain field.
Deep Chain Finance:
Deep Chain Finance:Have you exchanged views on blockchain with members of Congress?
Ouyang Mo:We are now working with the government to help them formulate and improve laws. I told the people I met in Congress one thing: Did you know that there is a saying in China, "One day in the currency circle, one year in the world", this sentence means that the speed of the blockchain is faster than other industries Much faster.
Deep Chain Finance:
Deep Chain Finance:Are you satisfied with Marcus' performance at the hearing?
Ouyang Mo:Deep Chain Finance:
Deep Chain Finance:What is the reason for satisfaction?
Ouyang Mo:You know, I've been a lawyer for Facebook since 2006, and Marcus was very well trained on how to talk to Congress, and he didn't answer the question directly, but he didn't say no. He disagreed with House Finance Committee Chairman Waters' request to suspend the Libra project, but he said something important: If the government does not allow it, he will not launch Libra.
Deep Chain Finance:
Deep Chain Finance:What do you think of Libra and Marcus' attitude towards regulation?
Ouyang Mo:Deep Chain Finance:
Deep Chain Finance:Do you have any dissatisfaction with the hearing?
Ouyang Mo:Not too happy with the witnesses. In addition to Marcus, there were 5 other witnesses, one of whom was a friend of mine. She is the one among the 5 witnesses who really understands blockchain and cryptocurrencies, and the only one with Bitcoin. She talked about the impact of Bitcoin on the financial system, technological innovation and economics.
Deep Chain Finance:
Deep Chain Finance:What important signals do you think the hearing will release?
Ouyang Mo:Deep Chain Finance:
Deep Chain Finance:Do you think Libra will be approved for launch?
Ouyang Mo:This thing will definitely be approved in the end, the only thing is that they (the government) have their own pace.
Governments will approve Libra, but they have their own pace. People in the blockchain and cryptocurrency field must be aware of this: the government needs to confirm that multiple parties will benefit from it, including not only blockchain companies, but also the Federal Reserve, Wall Street, large investment banks, traditional capital, etc.
Deep Chain Finance:
Deep Chain Finance:Heard there's a closed-door meeting after the House hearing? Who hosted it?
Ouyang Mo:Deep Chain Finance:
Deep Chain Finance:How is this closed meeting different from the hearing?
Ouyang Mo:This meeting is a closed meeting. At the hearing, sometimes when people are on TV, they're doing things for TV, and we've noticed some members of the Senate and the House of Representatives, some of them in particular, are doing these things just for the sake of being on TV.
Tomorrow's meeting will have top blockchain lawyers and government officials discussing how to formulate Libra and blockchain regulations in a closed-door meeting, and some CEOs of top blockchain companies will also attend the meeting, and the details will not be open to the public , but this meeting is more important.
Note: Deep Chain Finance will continue to pay attention to the closed-door meeting held by Congress around Libra and blockchain regulation.
