The United States Wants to Become the Global Cryptocurrency Capital

French Hill, Chair of the House Financial Services Committee, emphasized the importance of these bills to maintain the U.S. position as a global leader in innovation.

“We are taking historic steps to ensure that the United States remains the global leader in innovation, and I look forward to Crypto Week on the House floor.

After years of dedicated work in Congress on digital assets, we are advancing historic legislation to establish a clear regulatory framework for digital assets that protects consumers and investors, provides rules for the issuance and operation of dollar-backed stablecoins, and permanently blocks the creation of a central bank digital currency (MNBC) to protect Americans’ financial privacy.”