To reject Bitcoin’s integration with banks and corporations, custodians and exchanges, equity and credit markets, governments and currencies is to deny its benefits to 99% of the world and doom it to 1% of its potential.
Without the Clarity Act, if a digital asset exchange goes bankrupt, customers have no guaranteed right to their own assets. They join a creditor line w/ other Wall Street firms and expensive lawyers and hope for the best. This is a consumer protection failure Congress must fix.
For nearly 250 years, America has been the land of innovation. The Clarity Act continues that tradition by ensuring financial innovation happens here on U.S. soil under clear pro-growth, pro-consumer guidelines.