Congress must take the lead in pushing forward responsible and stable regulation of blockchain technologies to allow this technology to flourish.
Support responsible regulation of blockchain technologies.
Occurrences
It is important that Congress and regulators create an environment that allows for innovation to flourish while also having clear rules for the road and ensuring strong consumer protections to prevent this technology from being abused.
Evidence
In floor remarks on protecting data centers, Rep. Subramanyam said that data centers are critical to modern innovation and explicitly included blockchain among the technologies that depend on them.
The House roll call for the GENIUS Act lists Rep. Subramanyam voting Yea on final passage of the stablecoin regulation bill.
Assessments
Rep. Subramanyam made a concrete federal legislative action in office by voting Yea on final House passage of S.1582, the GENIUS Act, a major stablecoin regulation bill addressing a blockchain-related technology. The promise was framed as support for responsible regulation rather than enactment of a specific comprehensive blockchain regime, so a final-passage vote for federal stablecoin regulation is enough to count as delivered in the same term. His floor remarks mentioning blockchain are weaker contextual support but not necessary to the outcome.