NVCA Statement on Market Structure Legislation Advancing Out of Senate Agriculture Committee 

WASHINGTON, DC – National Venture Capital Association (NVCA) President and CEO Bobby Franklin issued the following statement after the U.S. Senate Committee on Agriculture, Nutrition & Forestry passed the Digital Commodity Intermediaries Act:  

“Today’s Senate Agriculture Committee vote is an important step toward providing VCs and entrepreneurs with long-overdue clarity on digital commodities oversight while modernizing the CFTC’s mission for the 21^st century. Clear, workable rules of the road are essential to building, investing in, and retaining blockchain innovation here in the United States. We’re close to the finish line, and now is the moment for leaders on both sides of the aisle to come together and get this done.” 

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The National Venture Capital Association (NVCA) empowers the next generation of American companies that will fuel the economy of tomorrow. As the voice of the U.S. venture capital and startup community, NVCA advocates for public policy that supports the American entrepreneurial ecosystem. Serving the venture community as the preeminent trade association, NVCA arms the venture community for success, serving as the leading resource for venture capital data, practical education, peer-led initiatives, and networking. For more information about NVCA, please visit www.nvca.org.