Rep. Dusty Johnson Warns Senate: Pass the Clarity Act Before August

Rep. Dusty Johnson says the window for passing crypto market structure legislation is rapidly closing. In this episode, the House Agriculture Committee’s Digital Assets Subcommittee Chair explains why the Senate needs to move quickly on the Clarity Act, where he believes lawmakers should land on DeFi regulation, how Congress is thinking about CFTC funding, and what happens if the Senate sends the House a bill it can’t support.Johnson also explains why he compares today’s crypto industry to the early days of the internet and argues that the Clarity Act could do for digital assets what the Telecommunications Act of 1996 did for broadband. He also breaks down why the House Agriculture Committee was able to advance the original bill with overwhelming bipartisan support and the hurdles that still stand between the legislation and the President’s desk.In this episode, TIMESTAMPS:00:40 Congressman Dusty Johnson’s Perspective on Crypto In America 02:17 Agriculture Committee’s Shared Jurisdiction Over Crypto04:04 Expanding Broadband and Blockchain's Power05:34 Parallels Between Telecom Act of 1996 and Clarity Act06:54 Policy Initiatives and Why Passing Clarity is Urgent13:25 DeFi Regulation and Senate vs. House Approaches21:42 Spot Authority and CFTC Oversight25:47 Path to Bipartisan Support and Legislative Timeline28:53 Evolution of Anti-CBDC Legislation30:43 Johnson’s Message to IndustrySubscribe to the podcast on Spotify: https://open.spotify.com/show/2Y3bQRjEQtdlNx1fxmS8hB Subscribe to the podcast on Apple:  https://podcasts.apple.com/us/podcast/crypto-in-america/id1799000155 Please note that this podcast is for informational purposes only and any views shared by anyone on the show are opinions, not financial advice. The host or guests may have a direct or indirect financial interest in content mentioned in this episode.This show is sponsored by Sei. Learn more about Sei: https://www.sei.io/Follow Crypto in America: https://x.com/CryptoAmerica_Follow our hostsJacquelyn: https://x.com/jacqmelinekGerald: https://x.com/thatgeraldEleanor: https://x.com/EleanorTerrett