"The largest exchanges, the largest stablecoin issuers, the largest defi protocols all exist outside the United States. That's a failure of US leadership." @milesjennings asked @patrickjwitt — Executive Director of the President's Council of Advisors for Digital Assets — why the Clarity Act has to pass. "This industry got wrongly targeted and politicized, and it drove all the innovation offshore." "If we're not setting the rules, somebody else is gonna be setting that playbook for us."(a16z crypto)