Cryptocurrency
Empowering Cryptocurrency Policy in Congress
Wednesday. June 26 at 6:00 AM
1 min. readRepublican Rep. Mike Flood of Nebraska, an unexpected figure in cryptocurrency policy, played a pivotal role in passing two industry regulations. Flood, along with a bipartisan group, secured support for the FIT21 Act and a proposal to repeal an SEC rule. Flood's interest in crypto stemmed from his experience in the Nebraska Legislature, where he championed the Nebraska Financial Innovation Act. He emphasized the importance of state involvement in regulating stablecoins to foster innovation. Flood highlighted the growing interest in digital assets among younger generations and the need for states to lead in this evolving landscape. He commended Rep. French Hill and Rep. Warren Davidson for their contributions to crypto policy. Flood expressed optimism for future legislation focusing on AI, cybersecurity, and ensuring regulatory rules align with congressional intent to promote innovation and consumer protection.