On May 15, after the “Cryptocurrency Market Structure Act” (also known as the CLARITY Act) was officially passed, Democratic Senator Brooks spoke in support of moving the bill forward. He said: The digital revolution has arrived. It presents a clear opportunity to support small businesses, create wealth, and spur innovation. The fact is, this digital revolution is here—whether we regulate it or not, whether we set rules or not. My 20-year-old daughter and her peers make it very clear to me: they are deeply interested in this innovation; they believe the digital revolution is crucial; they not only want to be able to participate safely, but also want—what every American wants—real and continuously growing economic opportunities, and the chance to create intergenerational wealth.

That is why I have been involved in negotiations lasting more than nine months, with the goal of regulating digital assets in a way that protects consumers, reduces the risk of deposit flight, and still allows for innovation. I negotiated sincerely with colleagues from both parties, and I thank them for their hard work. Based on that spirit of good faith, I am voting today to move the bill forward. But I must be very clear: my vote today is to keep working, and it does not mean that I will vote in favor of passage of the CLARITY Act in a full House session, because we still have a great deal of work to do.

I know we need to find a workable way to address the law enforcement community’s concerns about financial crimes. I myself come from a background in prosecution, and I know how important this is. We also need to incorporate an ethical agreement—one that applies not only to the President and Vice President, but to all of us. The American people, especially my constituents, expect us to do so. We also need to work with our colleagues on the House Agriculture Committee regarding their draft. We still need to keep working. I will continue to work with my colleagues to get things done properly.

Every American, from every background and every community, should benefit economically from this digital revolution and should be protected from the risks it brings. If we do not take action, we will be left behind. #Gate广场五月交易分享