(Radio Iowa) – Iowa’s congressional delegation is hailing House passage of bills that establish a new set of federal rules for the cryptocurrency industry. Congressman Randy Feenstra, a Republican from Hull, says it’s about unlocking potential.

Feenstra says the legislation sets clear roles for federal agencies that regulate digital assets.

U.S. Capitol Building (RI file photo)

Congressman Zach Nunn, a Republican from Bondurant, says the CLARITY Act ensures it’s U-S — and not adversaries like China — writing the rules of the road for digital assets. “This is truly a bipartisan opportunity to help America deliver as a crypto capital for the entire planet,” Nunn said.

All four Iowa Republicans voted in favor of three crypto-related bills that passed the House late this week. Congresswoman Mariannette Miller-Meeks of Davenport says the bills give clear rules, protect privacy, and help the U.S. out-compete the Chinese in digital innovation. Congresswoman Ashley Hinson of Marion says the legislation will prevent a central bank currency, protecting Americans’ privacy, and will reinforce American leadership in global finance.