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Digital assets are here to stay.
Congress needs to regulate them the right way.

By passing comprehensive digital assets market regulation, Congress can:

Protect consumers and small businesses

Empower innovators to build a consumer-driven internet

Crack down on bad actors

Give people — not big internet gatekeepers — control of their data

Boost competition

Strengthen U.S. global leadership in tech


What regulation is Congress considering regarding digital assets?

Legislation to regulate digital assets was recently introduced in both the U.S. House and Senate. Both the House Financial Services and the House Agriculture Committees’ bill on digital asset market structure, and the Lummis-Gillibrand Responsible Financial Innovation Act of 2023, seek to provide much-needed clarity for the industry while fostering innovation and protecting consumers.

Why is regulation so important?

Responsible companies welcome regulation and believe it is necessary. The current uncertainty has a chilling effect on entrepreneurs and innovation. There need to be clear rules of the road to ensure companies can operate legally and successfully here in the U.S. for years to come. Without that clarity, businesses will move overseas — taking good-paying jobs and technological innovation with them.

What should regulation do?

  1. Protect consumers by ensuring crypto exchanges don’t have conflicts of interest, and that crypto is custodied appropriately and is not being used in illicit finance.
  2. Encourage crypto companies to decentralize — the main value of blockchain technology!
  3. Provide a pathway for every firm to become compliant, and crack down on the bad actors when they don’t!