Odaily Planet Daily News: Members of both parties in the US House of Representatives have proposed a resolution to support blockchain technology and digital assets. Dusty Johnson, Chairman of the Subcommittee on Commodity Markets, Digital Assets, and Rural Development of the House Agriculture Committee, along with ranking member Don Davis, Bryan Steil, Chairman of the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence of the House Financial Services Committee, and ranking member Ritchie Torres, announced the proposal.
The resolution emphasizes 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 may lose its innovation advantage and move towards countries with clearer legal frameworks. After the resolution was issued, legislators issued a statement emphasizing the urgency of regulatory action. Johnson said, "Currently, developers face uncertainty due to loopholes in the regulatory framework for commodities and securities." He elaborated, "Digital assets need regulatory frameworks to thrive in the United States. I look forward to working with Congressman Steil to make digital assets clearer
Steil agrees with this, stating, "Digital assets have enormous untapped potential. I am pleased to formally acknowledge with Congressman Johnson 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 change industries, enhance our financial system, and provide fair financial service opportunities for everyone." Torres also emphasized, "Blockchain technology and digital assets represent the future of innovation, economic growth, and financial inclusion
