(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.
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.
