John Avlon is campaigning to represent New York’s 1st Congressional District in the upcoming House of Representatives election. A Democrat and former CNN anchor, Avlon is aiming to unseat incumbent Republican Nick LaLota. Although he hasn't held elected office, he has experience as a speechwriter and policy director for ex-Mayor Rudy Giuliani and has authored several political books. His campaign focuses on establishing clear regulatory frameworks for digital assets. Avlon supports the Financial Innovation and Technology of the 21st Century Act and recognizes the need for regulations to protect consumers while fostering the digital currency industry. He endorses the Clarity for Payment Stablecoins Act, advocating for reserves for stablecoins to ensure consumer trust. He is open to exploring the benefits of a US central bank digital currency assessing its cost-effectiveness. Avlon also backs the FIT21 Act, which aims to delineate jurisdiction between the SEC and CFTC over digital assets. Emphasizing consumer protection, he believes banks should be allowed to provide cryptocurrency services as long as they comply with legal requirements. Avlon sees a bright future for cryptocurrency and blockchain in the US, provided a balanced regulatory environment is established.

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