Fitzgerald Votes to Pass Financial Innovation and Technology for the 21st Century Act

WASHINGTON, DC – Congressman Scott Fitzgerald (WI-05) issued thefollowing statement after voting to pass H.R. 4763, the Financial Innovation andTechnology for the 21st Century Act. This legislation establishes clear andfunctional federal requirements for digital asset markets to protect consumers andcement American leadership of the global financial system while allowing these innovations to develop in the United States rather than abroad.

“As a member of the Financial Services Committee, I understand just how big of a role digital assets and blockchain technology may play in our future economic landscape—and the current regulation-by-enforcement status quo is not working,” said Rep. Fitzgerald. “I was proud to help pass the Financial Innovation andTechnology for the 21st Century Act to help bring clarity and certainty to thedigital asset markets. Congress must be a conduit for responsible innovation, not an obstacle, and this bill makes sure entrepreneurs and consumers are equally set up for success.”

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