The President very astutely recognized there are millions of Americans who felt disenfranchised by the prior Administration’s attack on crypto.
It’s time to get the Clarity Act, which will protect consumers, over the finish line. There is something in it for everyone: banks, law enforcement, crypto companies, and most importantly the American people.
Apple didn’t predict Uber, TikTok, or Coinbase. But the iPhone enabled an entirely new wave of companies.
Tokenized assets on blockchains will be similar. We already know the immediate benefits (global access, better utility, 24/7 trading), but a new set of finance companies we can't imagine will be built on top.
One of the simplest ways I explain crypto: It’s just faster, cheaper, more efficient financial services. The old system was invented in the ~1970s and is still running on outdated mainframes in some cases.
That’s why basic things like weekend transfers or cheap wires still don’t work. This is why we need the Clarity Act, so the US can lead with clear rules instead of letting outdated systems and uncertainty win.