Tracey Mann: “My home State of Kansas is a leader when it comes to agriculture innovation. A lesson that I have learned from Kansans…”

“My home State of Kansas is a leader when it comes to agriculture innovation. A lesson that I have learned from Kansans is that we must be ready to respond to new technological developments as they come to life. Digital asset markets are no exception. As these markets have grown, they have lacked congressional guidance over who has regulatory and enforcement authority over them. Currently, participants are at the mercy of regulators who continue to assert jurisdiction and extend their authority through enforcement actions, all without legislation and direction from Congress. Mr. Chair, I urge my colleagues to support this bill to establish a framework consistent with existing financial market requirements while acknowledging the uniqueness of digital assets. We can and should give consumers, developers, and institutions a clear set of rules that provide certainty as they explore this new, innovative technology. Digital assets and related blockchain technology have the potential to lead us to the next generation of internet technology. Everyone here should want America to be a place where this flourishes. That is what FIT21 does. It allows America to build on this potential. If we do not act now, we cede American leadership, talent, and innovation. Mr. Chair, I urge my colleagues to vote ``yes'' on FIT21.”