Crypto Industry Urges US Senate: "Create Regulations Soon, or the US Will Be Left Behind"

WASHINGTON – Leaders of the digital asset industry on Wednesday delivered an urgent message to lawmakers in Washington: promptly pass clear crypto legislation, or the United States risks losing its position as a leader in global financial innovation.

In a hearing held by the Senate Banking Committee's Digital Assets Subcommittee, executives from crypto companies and policy specialists took turns providing testimony. They highlighted how other countries and jurisdictions, such as the European Union and the United Arab Emirates, are moving faster to create legal certainty, thereby attracting capital and top talent in the field.

"We are at a critical juncture," said one witness. "Every day without regulatory clarity from the US is a day we surrender our competitive edge. We urge you to act now."

This call is part of an increasingly aggressive lobbying effort from the industry to push the US Congress to promptly resolve the debate and establish a clear framework. The goal is to protect consumers and investors without stifling the innovation deemed vital for the future of the American economy.#Banking $BTC