While I commend the twelve Republican representatives who voted against the “GENIUS Act,” I would have joined them in voting NO for entirely different and, I believe, more critical reasons.
True technological leadership is not about adopting every innovation for every purpose, but about applying it with precision where it can have the most decisive impact for our nation.
My opposition is not rooted in a desire for less regulation, but in the conviction that we are fundamentally misinterpreting the strategic value of digital asset technology.
Many have spoken about the need for American leadership in technology and the potential of digital assets. While it’s wise to pay attention to what global competitors like China are doing in the crypto space, the current conversation around cryptocurrency for everyday infrastructure and investment is a dangerous distraction from its most vital use case: national security.
The proliferation of unregulated cryptocurrencies in peacetime poses a significant and ongoing risk. These assets can be, and are, exploited by adversaries to evade sanctions, finance illicit activities, and undermine the stability of the global financial system.
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