Dusty Johnson: “It is sometimes hard to separate the real from the fake in this town. That is certainly true for digital assets, NFTs…”

“It is sometimes hard to separate the real from the fake in this town. That is certainly true for digital assets, NFTs, and memecoins. These generate tremendous attention, and they can pull our gaze away from what really matters. Here is what matters: Blockchain technology, Web3, will transform every single industry in the same way that the internet has transformed every single industry over the last 30 years. That transformation will happen much faster than people realize if we can keep government from continuing to screw this up. This is not about buying bubble gum with bitcoin. This is about blockchain innovation happening here rather than overseas, about more liquid capital markets, about small businesses creating new services and products, about removing friction from transactions for every single American, and about protecting consumers so the debacles like the FTX meltdown never happen again. However, this is different. This is huge. Before I came to Congress, I was in the broadband industry, and the Telecommunications Act of 1996 provided the regulatory certainty needed to launch the internet era. That was a watershed victory for this country.”