The Chamber of Digital Commerce commends the Committees for their collaborative efforts in developing a comprehensive legal framework that establishes clear regulations for digital assets and positions the United States as a global leader in blockchain technology. 

The current approach of regulating through enforcement is no longer sustainable and is driving American innovation and intellectual property overseas. This poses a significant threat to our national security, as we risk losing our technological superiority to other nations. 

The Market Structure bill addresses the prevailing uncertainty surrounding regulatory jurisdiction and strives to create a transparent pathway for companies to introduce registered and regulated digital asset products to the market, ensuring the protection of investors. 

We express our appreciation for the diligent work undertaken by the Committees and value the opportunity to actively engage in the legislative process. The Chamber, along with our members, remains committed to supporting lawmakers in the formulation of digital asset policies in the United States.