America has a habit worth breaking: we invent a transformative technology, like semiconductors, let it drift overseas, and then spend decades and billions of dollars trying to bring it back.

We are currently watching this script play out with digital assets, but we now have a rare, bipartisan window to rewrite the ending. This week, bill text that would regulate the industry for the first time was released by Sen. Cynthia Lummis (R-WY). The question now before Congress is whether the next global chapter of financial innovation is built on American soil, under American rules, and powered by American values.