This need for regulatory certainty is motivating market players to leave the U.S. for the certainty provided elsewhere. The Token Taxonomy Act is the key to unlocking blockchain technology in America. Without it, the U.S. is surrendering its innovative origins and ownership of the digital economy to Europe and Asia. Passing the Token Taxonomy Act, Congress would send a powerful message to innovators and investors around the world that the U.S. is the best destination for blockchain technology.
Read more about the bill here: https://davidson.house.gov/media-center/press-releases/token-taxonomy-act-address-blockchain-innovation-flight-america
Original of the video here