Senator Bill Hagerty noted that regulatory uncertainty has driven digital asset innovation overseas

Quotes that support claims

Senator Hagerty noted regulatory uncertainty’s impact on Bitcoin innovation: “A lack of clear regulatory authority has forced digital asset innovation beyond our borders. By working towards a reasonable framework, we can bolster our nation’s economy and protect consumers.”

“For too long, a lack of clear regulatory authority has forced digital asset innovation beyond our borders and subjected issuers, exchanges, and developers to crippling uncertainty. By working towards a reasonable, light-touch market structure framework, we can help bolster our nation’s economy and protect American consumers,” said Senator Hagerty.