For too long, Democrats have considered innovation a dirty word.

The immediate reaction was to kill it. But technology is moving too fast, and putting a wall in front of a train only derails it. We need educated and informed leaders who understand that some guardrails are essential, but America needs the trains to keep moving to remain globally competitive in the new world financial order.”

Consumers and investors need champions at the table.

As finance evolves, progressives need to fight for legislation that regulates new technologies in fair and responsible manners.”

The world is moving into the future.

Technology is evolving, financial systems are changing, and the geopolitical landscape is shifting. Democrats face a choice: stand in front of the oncoming train of innovation shouting “Stop!” and get run over, or present a positive, coherent vision for a better financial system for consumers, for competition, and for America. Open Frontier is here to support all who believe in the latter, who care about financial inclusion, who care about consumer protection, and who want America to deliver on the promise of growth and innovation for the average person.”

The conversation around fintech, cryptocurrency and digital assets is shaping the future of our economy,

and it’s crucial that a progressive, pro-innovation and pro-labor voice helps lead the debate.”

The challenge is not innovation versus regulation

– it’s whether we have the vision to design smart rules and trustworthy technology together to unlock opportunity, safeguard against exploitation, defend democratic values, and reinforce U.S. leadership. Financial innovations, as well as adversarial forces, are not waiting for us – we must invest now in the people, the policy, and the tech building blocks to shape the future of fintech.”

U.S. national security is strengthened by sensible regulations that empower responsible U.S. companies to invent and deploy the next generation of global financial infrastructure.