Mike Flood: “I will be brief. It has been a longer wait than expected, but I am excited that the CLARITY Act has finally made it to…”

“I will be brief. It has been a longer wait than expected, but I am excited that the CLARITY Act has finally made it to the House floor for debate. The CLARITY Act is not just about digital assets like bitcoin. This bill will usher in a new age of blockchain innovation that will go well beyond the tokens that we know well today. Chris Dixon's book titled: ``Read Write Own'' talks about a future where blockchain technology enables a new generation of the internet which he terms ``Web 3.0.'' Technologies like NFTs can be used as tickets to events, identity verification tools, and serve other real-world uses that will change our digital economy. I urge my colleagues to see the bigger picture. The vote today is not just about cryptocurrency as we know it. It is about enabling the next generation of innovation enabled by blockchain. This is a good, bipartisan product that builds on years of work from Chairman Hill, Subcommittee Chairman Steil, the Financial Services Committee, and the Agriculture Committee. Mr. Speaker, I urge my colleagues to support the bill.”