Press Releases

Congressman Gerry Connolly (D-VA), Ranking Member of the House Subcommittee on Cybersecurity, Information Technology, and Government Innovation, released the following statement ahead of the House vote on the Financial Innovation and Technology for the 21st Century Act:

"We need a robust regulatory framework for digital assets that spurs investment and innovation while protecting the public from the volatility, abuse, and fraud we have seen in the crypto industry. The Financial Innovation and Technology for the 21st Century Act is a missed opportunity to accomplish what should be a broadly shared goal – bringing some stability to an industry that has seen rampant speculation and major players collapse to nothing. Self-certification of compliance, regulatory carveouts from proven and existing securities laws, and relaxed consumer protection guardrails simply do not meet the high standard of U.S. leadership in the global financial system."