In a new interview on CNBC, Advisory Council Member Greg Johnson explains that the current development of cryptocurrency legislation in the U.S. will fundamentally change the future of technology in economics. He explains how the Clarity Act is necessary to establish the rules of crypto assets and tokenization, setting the rules for how U.S. regulatory institutions treat digital assets in crypto. The Clarity Act sets the foundation for the future of all financial instruments, impacting every banking institution and their employers. He claims the legislation will impact the daily lives of all individuals. He posits, “Whether you own cryptocurrency or not, you are going to be impacted by the transformation that’s underway in Washington.” With the U.S. being the first to take legislative action, the world is watching to see what the future of AI is going to become.  

To watch the full episode, click here.  

All views expressed by members are their own and not reflective of the views of the Bretton Woods Committee.