Cynthia Lummis: “I rise today because the United States is behind when it comes to digital assets. American digital asset innovation has…”

“I rise today because the United States is behind when it comes to digital assets. American digital asset innovation has faced a challenging environment, with talent, investment, and development often relocating to more welcoming international jurisdictions like Singapore, Switzerland, and the UAE. These countries have created clear frameworks, specifically designed to attract blockchain ventures while the United States has generally maintained a less defined regulatory landscape that has inadvertently encouraged this exodus of opportunity and expertise. This week, we have the opportunity to start to change that, and we must grab the reins and ensure that all Americans are able to take charge of their financial futures. The last White House blocked us, but now we have a President who not only sees the immeasurable value digital assets have but is willing to firmly secure America's leadership in this space. Before he even took office, President Trump announced he had tapped David Sacks to serve as the White House AI and Crypto Czar, ensuring we maintain America's competitive edge, and issued a blitz of Executive actions targeting heavy-handed SEC tactics slowing down progress. Under President Trump, we have seen a significant shift in the executive branch's attitude toward digital assets. It is night and day what we experienced under the Biden administration.…”