Political Quotes

“The digital asset ecosystem currently operates in a fragmented regulatory environment that lends itself to significant challenges for both businesses and, more importantly, investors. The ambiguity in classifying a digital asset, either as a security or a commodity, has led to confusion, legal uncertainty, and, ultimately, consumer harm. American innovation is a critical element in job creation and economic opportunity here in the United States. Congress must look to preserve this competitive advantage and not let it leave our shores. By passing a comprehensive market structure framework, responsible actors will now have greater certainty and consumers greater protection from bad actors. This bill establishes a regulatory framework for digital assets that aligns with our existing financial markets while accounting for the unique characteristics of digital assets. Mr. Speaker, our markets are the envy of the world. American innovation is a critical element of job creation and economic opportunity here in the United States. Congress must not cede its responsibility. Mr. Speaker, I urge all of my colleagues to support this important legislation.”