The United States is undoubtedly a leader in global innovation. From technology to agriculture to finance, we are independent.
We hold this position not to force innovators to adopt our values, but to allow entrepreneurs who hold these values to build freely in the United States from government interference and excessive regulation. These are not Republican or Democrat ideals. They are American ideals.
This is not as obvious as cryptocurrency. Cryptocurrency allows an individual to take ownership of his or her financial futures. It allows economic freedom and gives all Americans access to the tools they need to succeed, regardless of their background. Crypto could shift power from centralized institutions that bring much of our financial system back to American hands.
The power this technology represents is greater than any party. With that in mind, we announced the creation of the Congressional Cryptocratic Caucus, a nonpartisan group of Congress members held by the technology, which aims to serve as a voting block in Congress.
As we have done together for years, Crypto Caucus brings together members of the entire political spectrum, united and committed to our nation and our mission. Together, we will focus on introducing key policy proposals through Congress and building coalitions within the crypto community.
Crypto Caucus’ mission goes beyond the platform for discussing policies. We are committed to providing concrete results to Americans. If there is a significant vote or issue, our caucus is ready to act.
As the Caucus Chair, we will work with our members to advance our principled policy agenda based on understanding the unique, decentralized nature of digital asset technology. We are committed to promoting an economic environment where open, unauthorized, and private innovations thrive and centralized management attempts are destroyed. Our Caucus promotes policies that allow all Americans to have the opportunity to participate in the digital economy.
As more and more Americans access the digital economy, we will work to support policy initiatives that balance consumer protection and innovation. Our focus is advocating transparent, common sense regulations that protect consumers, strengthen financial literacy and expand access to these cutting-edge financial tools. By achieving this balance, our caucus will help millions of Americans have secure access to these financial tools and promote policies that support US innovation.
For too long, innovators have struggled to navigate US regulated minefields. As we begin our work in this new caucus, we aim to advocate for a balanced framework that provides legal clarity while fostering an environment in which American ingenuity can flourish. We don’t ask for deregulation, but wise regulations – rules that protect consumers without promoting entrepreneurs who rely on overseas.
The US cannot risk delays as countries around the world adopt policies that embrace cryptographic promises. We are trying to work with a government-wide approach to digital asset policymaking to unleash an open, unauthorized, and private innovation future in the United States. Our Caucus strives to support policies that ensure that the United States remains the best place in the world to build, invest and innovate the digital assets sector.
This is a key moment for the United States. This innovative technology represents a fundamental shift in thinking about finance. As leaders of the Congressional Crypto Caucus, we invite our colleagues to join us to seize this opportunity. Together, as a nonpartisan coalition, we ensure that the United States not only participates in the future of finance, but also defines it.
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