Zach Nunn Urges Congress To 'Drive Towards The Future' With Cryptocurrency Regulations

In House floor remarks on Thursday, Rep. Zach Nunn (R-IA) spoke about the Clarity Act.

Transcript

00:00for one minute. Thank you, Mr. Speaker, and thank you, Chairman Thompson, as well as

00:03Ranking Member Craig. This is truly a bipartisan opportunity to help America deliver as a crypto

00:09capital for the entire planet. As a member of both the Ag Committee and the Financial

00:13Services Committee, I've been able to see this issue on both sides. Commodities versus

00:18securities, CFTC versus the SEC. And in my home state of rural Iowa, we know commodities,

00:25corn, soybeans, hogs. The CFTC does this very well. And in downtown Des Moines and on the

00:31main streets of hometowns across Iowa, our banks handle stocks and bonds. Securities, those

00:37handled by the SEC. That level of clarity works. But when it comes to digital assets, the lines

00:44become blurred, confused, and overly burdensome. That regulatory uncertainty doesn't just cost

00:50dollars. It costs jobs, innovation, and America's global leadership. This act, this clarity,

00:57is exactly what America needs now to drive towards the future. To ensure the next generation

01:02of financial internet technology and blockchain success is built in America. That our innovators

01:08come from the U.S. and that we have a future going forward. With that, Mr. Chair, I endorse

01:13clarity act.

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