Digital Asset Market Clarity Act of 2025

Floor Speech

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Mr. STEIL. Mr. Speaker, I thank Chairman Hill for all of his hard work on this.

Mr. Speaker, I rise in strong support of the CLARITY Act. I think two things are clear. First, the digital asset and blockchain technology are leading the next wave of financial innovation. We need to make sure that innovation is occurring here in the United States of America.

Second, under the previous administration, the United States failed to enact a regulatory framework that is aligned with the realities of the technology and adequately protects consumers.

Today, the House has an opportunity to meaningfully improve the status quo that for too long has been marred by uncertainty and regulatory enforcement. The CLARITY Act establishes a workable, forward-looking framework. The CLARITY Act provides and ensures that markets operate with transparency, accountability, and strong consumer protections.

Today, our laws leave digital asset developers guessing which regulator has jurisdiction and what compliance even looks like.

It is not only bad for business. It is bad for consumers and bad for U.S. competitiveness.

Without action, we will continue to see innovation move overseas to jurisdictions that are providing the legal clarity that we thus far in the United States have failed to deliver.

Mr. Speaker, what we want is innovation in developing, not occurring in boardrooms and law firms in the United States, but in basements and dorm rooms.

Ensuring the United States leads the Web3 revolution isn't a partisan issue. It is an American issue.

The CLARITY Act legislates in a thoughtful way in a rapidly evolving space. The CLARITY Act protects consumers and fosters innovation.

Today, we can lead not by accident but by design. Let's send a message that America intends to lead in the golden age of digital assets.

Mr. Speaker, I support the CLARITY Act, and I encourage my colleagues to vote ``yes.''

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