Regulatory uncertainty has driven crypto innovation offshore, but new bipartisan leadership and frameworks can restore America’s financial dominance. The recently passed bill establishes the first federal framework for payment stablecoins, essential for consumer protection and American competitiveness. In contrast to America’s stalling regulatory environment, other countries have created welcoming frameworks for digital assets, leading to an exodus of American crypto entrepreneurs to markets like Singapore and Switzerland. The U.S. Senate is working to provide investors and the digital asset industry the clarity needed to innovate domestically. This moment is pivotal for the U.S. financial system, urging the nation to embrace its innovative roots and not waste the opportunity to lead in the evolving digital financial landscape.

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