Overview
(April 9, 2025, Washington, DC) – Steptoe Government Affairs and Public Policy partner, Coy Garrison, provided testimony to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development about "American Innovation and the Future of Digital Assets: On-Chain Tools for an Off-Chain World."
In his testimony, Garrison states: "[P]assing digital asset market structure legislation is essential to promote American innovation in blockchain technology. The status quo is unacceptable: there is no federal market regulator overseeing centralized spot market exchanges and there is a lack of regulatory clarity that only Congress can fully address."
Read the full testimony at the House of Representatives website.
About Steptoe
In more than 110 years of practice, Steptoe has earned an international reputation for vigorous representation of clients before governmental agencies, successful advocacy in litigation and arbitration, and creative and practical advice in structuring business transactions. Steptoe has more than 500 lawyers and other professional staff across offices in Beijing, Brussels, Chicago, Hong Kong, Houston, London, Los Angeles, New York, San Francisco, and Washington. For more information, visit www.steptoe.com.
