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Mr. KENNEDY of Utah. Mr. Speaker, I thank my friend, the gentleman from Georgia, for this opportunity to speak.
Mr. Speaker, I rise today in support of the rule for H.R. 3633, the Digital Asset Market Clarity Act of 2025 and H.R. 1919, the Anti-CBDC Surveillance State Act. Together, these bills provide much needed clarity on digital asset regulation and ensure critical consumer protections so Americans retain their financial freedom.
Before basketball became the great sport that we know and love, it needed rules. Without structure, the game could not grow and thrive. The same is true for digital assets.
Innovation depends on clear, reliable guardrails. For too long, this space has been clouded by legal uncertainty and regulation by enforcement, leaving the industry without direction and consumers without protection.
The CLARITY Act addresses that gap. It defines the role of the SEC and CFTC, establishes clear rules of the road for responsible innovation, and protects the rights of Americans to hold and use their own digital property.
At the same time, the Anti-CBDC Surveillance State Act, which I cosponsor, defends the foundational principles of financial freedom. A government-run central bank digital currency would allow unelected bureaucrats to surveil, program, and ultimately control how Americans spend their money. This legislation protects Americans by ensuring the Fed cannot issue CBDCs to individuals.
Last year, Representative Tyler Clancy and I, in the State of Utah, passed a law banning CBDC, but we all recognize that State laws cannot pertain or prevail throughout the country. This bill allows us to establish security and protections for the American people all over our country.
When the Chinese Communist Party thinks CBDC is a good idea, I think that tells us exactly how we should vote, against CBDC.
These bills promote free market innovation, protect privacy, and ensure the next generation of finance is built on American values, not Federal overreach.
Mr. Speaker, I urge my colleagues to support this legislation.
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