Washington, D.C. (July 8, 2025) – Tomorrow, Summer Mersinger, CEO of Blockchain Association, will testify before the U.S. Senate Committee on Banking, Housing, and Urban Affairs, calling on Congress to establish a clear and comprehensive regulatory framework for digital assets.
Appearing before Chairman Tim Scott, Ranking Member Elizabeth Warren, and members of the Committee, Mersinger will deliver a unified message from the blockchain industry: without legislative clarity, the United States risks ceding its global leadership in financial and technological innovation to jurisdictions with more tailored and transparent policies.
“The U.S. urgently needs bipartisan legislation that provides legal clarity, supports responsible innovation, and ensures our leadership in the global digital economy,” Mersinger will say in her prepared remarks. “Our current regulatory patchwork is stifling innovation, confusing entrepreneurs, and leaving American consumers unprotected.”
As the head of the nation’s leading trade association for the digital asset industry, Mersinger represents more than 130 member companies, ranging from software developers and validators to investment platforms and infrastructure providers. In her testimony, Mersinger will emphasize five key themes from Blockchain Association’s Twelve Principles for Market Structure Legislation:
- Modern Rules for a Modern Industry: Regulations must reflect the decentralized and software-driven nature of blockchain ecosystems—not just traditional finance.
- Clarity Around Digital Assets: Digital assets are not inherently securities. Attempts to apply outdated legal standards, like the Howey test, have created widespread confusion.
- A Path to Compliance: Congress must establish clear jurisdictional lines and create a clear, unified regime for digital asset intermediaries.
- Strong Consumer Protections: The industry supports secure custody requirements, clear disclosures, anti-fraud rules, and robust oversight to build trust and ensure safety.
- National Leadership: A federal framework is essential to preserving U.S. leadership in this next wave of internet and financial innovation.
“This is not about whether we regulate—it’s about how we regulate,” Mersinger will emphasize. “We stand ready to work with Congress to get this right.”
Her testimony comes as global competitors move swiftly to adopt their own bespoke regulatory regimes for digital assets, putting pressure on U.S. policymakers to act.
About Blockchain Association
Blockchain Association is the collective voice of the cryptocurrency industry. Our members include the sector’s leading investors, companies, and projects, working together to support a future-forward, pro-innovation national policy and regulatory framework for the crypto economy. Find us at theblockchainassociation.org. Follow us @BlockchainAssn.
