[
  {
    "i": 0,
    "speaker": "Speaker 1",
    "text": "When I took office, I pledged to ensure that the United States remains the crypto capital of the world. For too long, issuers and investors had to navigate an activist SEC weaponized against this asset class."
  },
  {
    "i": 1,
    "speaker": "Speaker 1",
    "text": "The result has been uncertainty and inefficiency chasing crypto asset innovation outside of the United States. So today, I'm excited to announce that the SEC is taking the most historic step yet to modernize federal securities regulations for crypto assets."
  },
  {
    "i": 2,
    "speaker": "Speaker 1",
    "text": "The United States must and will lead. Our new rule proposal, Regulation Crypto Assets, will ensure that we do."
  },
  {
    "i": 3,
    "speaker": "Speaker 1",
    "text": "Now, let me be clear. The SEC continues to support congressional work on the Clarity Act, and we expect to see the bill reach the president's desk. Under our current statutory authority, we are"
  },
  {
    "i": 4,
    "speaker": "Speaker 1",
    "text": "acting. The work before us is too important. The Commission's March 2026 interpretation explained how a non-security crypto asset may become subject to and how it may cease to be subject to an investment contract, which is a security under law."
  },
  {
    "i": 5,
    "speaker": "Speaker 1",
    "text": "Regulation Crypto Assets provides issuers of those investment contracts with a clear path to comply with federal securities laws within those parameters. Today's proposal sits at the center of this Commission's capital formation agenda and is essential to providing a framework for crypto asset fundraising."
  },
  {
    "i": 6,
    "speaker": "Speaker 1",
    "text": "It is the Commission's answer to the question that has puzzled innovators since the birth of the blockchain. How can I raise capital to develop a crypto asset while I am still working to develop the network where it will be used?"
  },
  {
    "i": 7,
    "speaker": "Speaker 1",
    "text": "While Congress continues its important work to advance crypto market structure legislation for the president to sign, the world and our markets keep evolving. premier destination to innovate, to raise capital, and to build the next generation of financial infrastructure."
  }
]