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A state of regulatory ambiguity threatens U.S. dominance in the digital currency market, according to Loomis
"Every day that passes without the implementation of the clarity law is a day we give up our competitive edge to other countries." - Senator Cynthia Loomis
The Digital Asset Market Clarity Act has been passed in the House of Representatives but is now stuck in the Senate due to committee disagreements.
The importance of this matter:
• Digital currency innovation is heading abroad (United Arab Emirates, European Union, Singapore)
• The conflict between the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission leaves investors and developers in a state of anticipation
• Regulatory uncertainty hampers institutional adoption
Without clear rules, America loses talent, capital, and leadership.
Clarity is not an option; it is a strategic future.
#GoldAndSilverHitRecordHighs
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