When the Chairman of the Banking Committee starts publicly talking about the 'crypto capital of the world,' it shows that the crypto industry has transitioned from its wild growth phase to a stage of integration and takeover by the national financial system. This represents the U.S. genuinely attempting to elevate cryptocurrency as a tool for national-level industrial competition. Translation content: U.S. Senate Committee on Banking, Housing, and Urban Affairs The goal of this legislation is to make the U.S. the global crypto capital of the world, keeping the next generation of job opportunities and innovation within the U.S., rather than flowing overseas. When we establish clear rules, we can give entrepreneurs the confidence to start companies, hire employees, and grow right here in the U.S. At the same time, this will make it harder for criminals and foreign adversaries to exploit new technologies to scam Americans or undermine the U.S. financial system. After months of serious, bipartisan efforts, it’s time to push this legislation forward and deliver real results for the American people. Chairman Tim Scott