Washington, D.C. (July 25, 2023) – Blockchain Association applauds the efforts of House Financial Services Committee Chair McHenry and House Agriculture Committee Chair Thompson in working towards crafting an appropriate regulatory framework for digital assets. The Financial Innovation and Technology for the 21st Century Act being considered by the two committees this week has undergone substantial improvements since a draft was first circulated last month.
The following statement is attributed to Blockchain Association CEO Kristin Smith:
“A vote on the Financial Innovation and Technology for the 21st Century Act marks a significant milestone for the digital asset industry. Tomorrow’s markup demonstrates that Congress, not overzealous regulators, have the responsibility to craft U.S. policy on digital asset regulation. We’re grateful to Chairman McHenry and Chairman Thompson for putting pen to paper on these complex issues, considering industry feedback, and pushing this legislation forward in their committees. We encourage members of the committee to vote in favor of the bill so that we can continue to work on the language as it moves to the next stage of the legislative process.”