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We have left behind thousands, we have broken promises to friends and allies, we have abandoned women and girls there.

I have deep concerns that Congress is already in the process of doing so.

If we want the center of innovation to remain right here in the United States for the benefit of American workers and American families, Congress should focus on creating clarity around how existing rules apply to these new technologies.

But as you have pointed out, the industry is, in fact, already regulated.

There is always a temptation in Washington to expand the Federal Government's reach.

The technology behind cryptocurrencies, meaning, again, blockchain, is something that is going to create a wealth of new opportunities.

I introduced the Digital Asset Market Structure and Investor Protection Act earlier this year.

This really could be a boon for America's poor and middle class. Let's not get in the way of it.

Now for Americans who own a little Bitcoin and use it to buy something or to send some money back home, how could Congress help make it easier for them to comply with the Byzantine labyrinth of legal implications that could accompany that?

Sometimes when Congress discusses cryptocurrency, you see concerned faces. You see sometimes people reflecting a certain degree of fear or anxiety.

I doubt there are five Members of the United States Senate that could tell you what the hell a Bitcoin is.

You know, as you have noted, a lot of the barriers to innovation for cryptocurrencies come from existing laws and uncertainty about how those laws might be enforced.

The proper role of government is to empower innovation through clear rules with a light touch.

Cryptocurrencies are already democratizing finance by lowering costs and expanding access to an industry that has historically been hard to reach.

If we can resist centralizing power in Washington, as has long been the impulse of Democrats and Republicans alike in this town, and instead preserve the space for American innovation to flourish.

Throughout the history of our great Nation, entrepreneurs and creators have served as the heartbeat of the American economy.

Because they are based on a new technology, they could offer some real advantages, it seems to me, to lower-income customers.

There is always going to be a temptation here in Washington to expand the Federal Government's reach.