Tim Moore: “Digital assets are not some future concept. They are already a key part of our financial system, and Washington needs to…”

“Digital assets are not some future concept. They are already a key part of our financial system, and Washington needs to start acting like it. Nearly one in three Americans have used them in some form, and we cannot afford to let our adversaries, especially the Chinese Communist Party, write rules for this new financial frontier as we sit on the sidelines. That is why we are advancing these three critical pieces of legislation to make sure that America stays the world leader in financial innovation. Under the Biden administration, America's innovators operated in a cloud of legal uncertainty, at best. Folks had to choose between dealing with outdated rules or taking their ideas overseas. The Trump administration, however, has taken a much more forward-thinking approach, and now it is Congress' turn to step up. The CLARITY Act changes this to establish clear regulatory language that allows for the protection of consumers, while also giving innovators the certainty that they need to build and grow right here in the United States. Stablecoins have shown real promise for faster, cheaper payments at home and abroad.”