Odaily News A bipartisan group of members of the U.S. House of Representatives introduced a resolution supporting blockchain technology and digital assets. The proposal was announced by Dusty Johnson, Chairman of the House Agriculture Committee’s Subcommittee on Commodity Markets, Digital Assets, and Rural Development, and Ranking Member Don Davis, and Bryan Steil, Chairman of the House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, and Ranking Member Ritchie Torres.
The resolution highlights the economic potential of digital assets, the need for regulatory clarity, and the role of blockchain in improving transparency and efficiency. It also warns that without clear regulation, the United States risks losing its innovation advantage to countries with clearer legal frameworks. Following the release of the resolution, lawmakers issued a statement highlighting the urgency of regulatory action. "Currently, developers face uncertainty due to gaps in the commodities and securities regulatory framework," said Johnson. He elaborated, "Digital assets require a regulatory framework to thrive in the United States. I look forward to working with Representative Steil to bring greater clarity to digital assets."
Steil agreed, saying, “Digital assets have tremendous untapped potential. I am pleased to join Congressman Johnson in formally recognizing the need for Congress to take meaningful action to establish a regulatory environment that promotes innovation, protects consumers from fraud, and encourages the development of digital asset technology in the United States.”
In addition, Davis emphasized the transformative power of blockchain, saying: "Blockchain technology and digital assets will transform industries, strengthen our financial system, and provide everyone with fair access to financial services." Torres also emphasized: "Blockchain technology and digital assets represent the future of innovation, economic growth, and financial inclusion." (Bitcoin.com)