The current lack of clear regulation around stablecoins is problematic. Entrepreneurs need bright-line rules to foster innovation while ensuring consumer protection and preventing failures like FTX.

The U.S. government's regulatory approach to cryptocurrency is creating a chilling effect, making founders hesitant to innovate in the space due to fears of legal repercussions.

We have to recognize that the regulatory environment is crucial for fostering growth and innovation.

Despite the challenges, now is a great time to work on crypto ideas due to advancements in programmable money and AI, but the regulatory environment in the U.S. makes it difficult for crypto to regain its appeal.

While regulation is necessary, the FTX situation shows that oversight is crucial to prevent misuse in the crypto space.

The U.S. government's war on cryptocurrency is disappointing, as it stifles innovation and control over this technology.

The legislation will also address interoperability across countries, setting a template for global cooperation in stablecoin regulation, which is crucial for the technology's legitimacy.

We want to enable non-accredited investors in the U.S. who understand the technology to participate in investments, despite the legal burdens of crowdfunding.

The Biden administration's lack of engagement with us on technology policy, particularly regarding crypto, has left us feeling unheard and concerned about America's future in AI.