Rep. Thanedar Opening Statement at CLARITY Act Markup
WASHINGTON — Today, House Agriculture Committee Member Shri Thanedar (MI-13) delivered the following opening statement at a full committee markup of the Digital Asset Market Clarity Act of 2025 (H.R. 3633). Watch the full markup here.
[As prepared for delivery.]
I want to thank Chairman Thompson for calling this markup today. Throughout my time in Congress, I have been proud to serve as a strong advocate for digital assets. From dramatically lowering fees on both domestic and international money transfers to ensuring that every business can effectively compete at the global level, and the numerous beneficial cases of blockchain technology in regards to agriculture and family farms that we have heard at this committee, one thing is clear. Blockchain technology is here to stay, and it will significantly benefit the American people. We need to do everything we can to unlock the innovative potential and numerous positive use cases blockchain can provide to consumers.
However, if I’ve learned one lesson in my time in Congress, it’s clear that the current status quo for digital assets isn’t working. The absence of a clear, consistent, and bipartisan federal regulatory framework for the digital asset market has led to inconsistent, varied regulations at the state level and, as a result, has forced our most talented digital asset entrepreneurs to take their innovative products and the numerous economic benefits that they will provide, offshore. Each day we don’t act, the damage done to the American economy grows. The digital asset market, and the American people, need the comprehensive, bipartisan regulatory framework that the CLARITY Act provides.
While the CLARITY Act, like any policy, isn’t perfect, it represents a significant step in the right direction and will enable the United States to become a leader in the digital asset market for years to come. I urge my colleagues to support this necessary legislation, and I yield back the balance of my time.
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