US Legislators Are Striving to Promote Legislation to Support the Domestic Blockchain Industry and Regain Global Leadership.
At the DC Blockchain Summit 2025 held on March 26 in Washington D.C., two top Republican politicians demonstrated their determination to bring the US back to the forefront of digital finance. Senator Tim Scott, Chairman of the Senate Banking Committee, and Representative French Hill, Chairman of the House Financial Services Committee, both emphasized the necessity of a legal environment that supports blockchain technology development rather than pushing businesses abroad.
"I am optimistic that we can regain our leadership in the global digital technology race," Senator Scott declared. He specifically highlighted the GENIUS Act (Generational Economic Nexus for Innovation and United States Leadership), which was passed by the Senate Banking Committee with bipartisan support.
Encouraging Innovation in the US, Not Abroad
Scott analyzed the reasons why the blockchain industry is leaving the US: "If you look at why this industry is 'leaving' us, it's clearly because we made doing business in the US impossible. The good news is that now we are making business easier, and I believe that will drive a wave of return."
He also emphasized the importance of leadership thinking, arguing that the US needs to "ensure it continues to be the 'beacon on the hill'" with a simple principle: "prioritize innovation before regulation."
After the conference, Scott continued to reinforce his message on social media X: "Representative French Hill and I understand that the legal framework for digital assets must encourage innovation in the US, not abroad. Together, we can open paths to success and create conditions for communities to develop."
Representative French Hill also agreed with these views throughout the discussion, supporting the development of bills that balance oversight and flexibility to ensure the United States maintains its competitive position in blockchain technology development.
