I think this is one of the most important processes for the blockchain to be part of the real world. Blockchain hasn't been in the legal system and institution so far. Since blockchain was apart from the legal system and institution, regulations and laws were suppressing the whole industry. With the series of the legal, and political process that Libra is gonna get through, blockchain can be part of the real world.
"The U.S. House Financial Services Committee will host a hearing on Facebooks libra cryptocurrency next month, one day after the Senate Banking Committee holds its previously announced hearing.
Maxine Waters, chair of the powerful House committee, announced the hearing Monday, The Hill reported, after calling on Facebook to suspend development of the project multiple times last week. The hearing is scheduled for July 17, and no witness list has yet been released." - Coindesk