Expresses support for blockchain technology and digital assets.
Acknowledges the role of entrepreneurs and innovators in building the next generation of the internet.
Recognizes digital asset networks as a new way for people to cooperate and achieve common purposes.
Highlights the potential of digital assets to grow the economy and improve Americans' lives by facilitating collaboration and decision-making.
Notes the benefits of blockchain technology, including creator control, enhanced transparency, reduced transaction costs, and increased efficiency.
Mentions the innovative potential for businesses in the United States to utilize blockchain networks.
Points out that other countries are creating frameworks to embrace blockchain technology and digital assets, providing safeguards for consumers.
States that digital assets offer law enforcement a tool to trace illicit activity and bring criminals to justice.
Emphasizes the need for the United States to understand and prioritize the opportunities presented by the next generation of the internet.
Advocates for the United States to foster technological advances to improve the financial system and access to financial services.
Warns that without support for digital asset development, the United States risks losing this innovation to less regulated countries.
Calls for Congress to enact a functional framework tailored to the risks and benefits of digital asset-related activities and the technology behind them.
Suggests that a regulatory framework for digital assets should protect consumers and market participants, aligning with existing securities and commodities market protections while considering the unique aspects of the digital asset ecosystem.