Political Quotes

“Mr. Speaker, I am incredibly proud today to stand before you to share my support for the CLARITY Act. This is legislation that we have been working on in the Agriculture Committee for 7 years. This is an improvement over the legislation that fulfilled the very same purpose of what we are addressing today that passed last Congress with over 300 votes, including 71 Democrats, and it was a great bipartisan bill. This is an improvement on that bill. The CLARITY Act is about three related ideas: certainty, protection, and innovation. I will talk about why each of these ideas is important. First, the CLARITY Act provides regulatory certainty for all corners of the digital asset ecosystem, including issuers; exchanges; intermediaries; builders; software developers; and, most importantly, users of digital assets. This regulatory certainty means that all parts of the ecosystem can engage with digital assets with confidence. It promotes healthy markets by establishing commonsense requirements to protect consumers. Those are all built on the existing requirements in the financial services markets. Secondly, the CLARITY Act protects good actors from government overreach.”