“We have dedicated individuals working in the field of financial innovation who have the ability to create numerous job opportunities, generate wealth, and further establish America as a global financial powerhouse,” he stated. “However, there are potential risks and challenges that must be carefully monitored, and it is essential for regulators and legislators to ensure that we are laying a solid foundation without imposing overly restrictive regulations. While it is thrilling to witness the advancements in innovation, it is equally important to consider how we will regulate it and guarantee that innovation can thrive within our regulatory framework.”
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