Congress can drive crippto-fuel digital innovations
The next large technological revolution takes place, and the United States is risked to sit aside. While countries like Singapore, UAE, Switzerland, Hong Kong and Germany aggressively by court court boking innovators with clear policies and investment incentives, is now buried in regulatory uncertainty. For decades, America has led to the design of the Internet, finance and technology – but without quick action, we risk our competitive advantage in the digital economy states nations moving faster and thinking.
Blockcain is ready to become one of the most introfjective internet ere technologies, reshaped industries and riding economic growth. Sixty-five million Americans are already their own or use cryptocurstity. It is much more than digital money; This has the potential to revolutionize finance, security and data management. The question is: will the US hug this shift or allow other nations to dictate the future?
Momentum is construction. With more cryptological congress and white house, actively support digital property, the opportunity to improve American politics has never been stronger. The newly established federal cryptocurnt working group has recently had the task of shaping the digital property strategy, but the Congress must act firmly so that regulatory clarity would provide necessary for companies innovating and succeeding. Reintroduction and the adoption of revised financial innovations and technologies for the Law on 21. Century (FIT21) is a crucial step. This bipartisan account, which previously passed the American house, but in the Senate, would create a clear regulatory framework for digital assets, balancing innovation with strong consumer protection.
FIT21 clarifies the competence of commission for trading in goods (CFTC) and securities commission (sec), eliminating regulatory insecurity that suffocates technological advancement and economic growth. By setting clear path rules, this legislation would encourage responsible innovations and store starts and high-tech jobs and high-tech, in the United States instead of starting them abroad abroad. The adoption of FIT21 is crucial to ensure American management in financial technology and ensuring companies can succeed at home.
A well-defined framework would not just give clarity; This would set the Foundation for a more efficient, transparent and resistant financial system. By accepting Blokchain’s ability to reduce transaction costs, enable the current settlement and starts financial innovations, the United States can modernize its financial infrastructure, while ensuring that global standard remains. Without action, the United States is in competitive lack, a ride of top talent and investment abroad, while other nations are set as leaders in Blockoin innovations.
This is not just a national question. States like Michigan are already investing in Blockoy’s future, but without federal support, their progress is at risk. Michigan is the home of the growing blockchain ecosystem, and yet uncertainty threatens its potential. The College gave, founded at the University of Michigan, the world’s largest student block block, connects thousands of students to the 150 best universities. By bridging the Academy and the industry allows students to become future leaders in Blockschain innovation. However, without a clear regulatory framework, Michigan will not only lose these innovators – will lose the company, jobs and investments that come with them in countries with clearer policies.
The state of the michigan pension system recently invested more than $ 6 million in Bitcoin, recognizing his long-term value as scarce assets resistant to inflationary policies. This investment reflects strategic effort to resemble reserves with funds that, over time, showed strength from monetary debation compared to FIAT currencies and traditional investments. Two-sided legislation on state legislation has recently introduced to expand investment opportunities in cryptocurrency and enable excavation Bitcoin in industrial zone properties. These are steps in the right direction, but without federal actions, the states will leave patch together a fragmented approach.
Michigan’s Congress Delegation has a rare opportunity for leadership. This is not a partisan problem, it is economically and technologically. I invite them to actively involve top leaders in emerging technology to deepen its understanding of digital assets and opportunities representing for our economy.
The future of the digital economy is now written, and America must decide whether to lead or leave behind. Congress has a choice: make policies that will keep innovation, talent and investment in the United States or allow our competitors to take advantage of tomorrow.
Elizabeth Hansson is a president of the stand with Cripto Michigan Chapter and the main technology officer Clockchain experience Corp.
(Tagstotranslate) cryptocurrency
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2025-04-22 03:00:00
