At a field hearing in New York on the CLARITY Act held today, Bullish executive Randi Abernethy said failure to move the bill forward would send substantial liquidity overseas and leave the United States missing out on capital formation, technology development, and innovation opportunities. Abernethy, Bullish’s head of clearing and group risk, made the remarks while answering lawmakers’ questions. She said that from an exchange’s perspective, implementing the legislation would help bring liquidity back to the U.S. market. In her view, that return of liquidity would draw in more capital and support additional technology innovation. Abernethy added that such a shift would help the United States maintain an edge in competition with China and other countries.
Bullish warned at a New York field hearing on the CLARITY Act held today that failing to advance the bill would send a large amount of liquidity overseas.
Responding to questions from lawmakers, Randi Abernethy, Bullish’s head of clearing and group risk, said the United States would miss opportunities in capital formation, technology development, and innovation if the legislation does not move forward. She added that, from an exchange perspective, putting the bill in place would help bring liquidity back to the U.S. That return, she said, would attract more capital and technology innovation, helping the country keep an advantage in competition with China and other nations.
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