"Digital asset providers are tackling banks' shortcomings head-on - from removing minimum balance requirements, to establishing trust via public blockchains, to offering products/services that are more relevant and convenient. We should support that progress, while also establishing guardrails that protect consumers and small businesses. That's the role of regulation."
Michael Goldfarb completed the Stand With Crypto Questionnaire and demonstrated strong support for creating clear legislative pathways for digital asset businesses, defining digital assets as securities or commodities, and updating market structure laws. He advocates for Americans' right to self-custody their digital assets, ending regulatory de-banking, and supports legislation like the CLARITY Act to foster responsible innovation while leveraging blockchain for government transparency and efficiency.