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Mr. MESSMER. Mr. Speaker, I rise today in support of the CLARITY Act.
America's innovative ecosystem has made our Nation an investment magnet and development hub, but thus far, our regulatory system has failed the digital assets industry. Under the current framework, fraudsters go unpunished, consumers remain unprotected, and the best and brightest minds in the industry have picked up and left for other countries.
The CLARITY Act finally establishes distinct jurisdictional boundaries between the Securities and Exchange Commission and the Commodity Futures Trading Commission, while also creating guardrails to incentivize and safeguard investment.
The bill not only expands opportunities for Wall Street and Silicon Valley, but it also provides great opportunities for Hoosier farmers by opening a new frontier for rural innovators and expanding access to capital in agricultural communities.
The digital asset markets are in dire need of regulation, and the CLARITY Act is the solution. I look forward to witnessing a new era of economic prosperity and technological advancement that this bill will bring to America.
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