1/ At this week’s @BlockchainAssn Policy Summit, we heard a clear message from Senators in both parties: Congress is deeply engaged in getting legislation right. A few notable moments worth revisiting in light of today’s letter:
Summer Mersinger
Summer MersingerDec 12, 00:05
1/ A letter circulating this week urges Senators to block all crypto legislation…but its core claims are factually wrong. Here’s the truth: legislative *inaction* is what exposes consumers, encourages fraud, and weakens U.S. oversight. 🧵
2/ @Sen_Alsobrooks on why she’s working on the GENIUS Act and crypto legislation: “It’s important to be at every single table where discussions are happening around how we grow opportunity in this country.” That’s exactly the leadership we saw throughout the Summit – serious, bipartisan, and focused on opportunity and consumer protection.
3/ @CoryBooker underscored what’s at stake: “We see this industry full of possibility to have a democratizing force in our nation to create and expand opportunity for more Americans and deal with the unfinished business of our economy to make it work for everybody.” This is what real engagement looks like.
4/ @Sen_Alsobrooks on market structure: “We're working in good faith and we'll keep working on it... but we want a few things: innovators being able to enter this space, but safely with certain guardrails... we want the U.S. to continue to lead.” That reflects the exact balance thoughtful legislation seeks to achieve.
5/ And on why this matters long-term, Alsobrooks added: “I'm excited to be working on market structure because it will live on long after we're gone... and we're working on it with people that don't always see the issues the same way... that's what excited me most about this process so far.” That’s the bipartisan spirit of real policymaking – and why Congress should continue its work.
7/ In another session, @SenatorHagerty summed up the urgency for bipartisan legislation: “If we don’t send a message to the markets that we’re supportive of this technology in America, we’re going to lose the developers, we’re going to lose the innovation.”
8/ He added, “Absent a clear regulatory framework…more and more talented people are going to leave the United States.”
9/ Congress has already shown bipartisan progress – on stablecoins, on tax clarity, and on broader market-structure discussions. Rules should empower responsible innovation, protect consumers, and strengthen America’s position in the global economy.
End/ Now is the time to finish the job. And for America to lead. We’re ready to work with Congress to get this right.
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