use of and access to digital assets and the financial system, (5) the effect on innovation, and (6) the effect on the economic competitiveness of the United States. (c) Definitions For purposes of this section— (1) Relevant committees The term relevant committees means— (A) the Committee on Financial Services of the House of Representatives, (B) the Committee on Banking, Housing, and Urban Affairs of the Senate, (C) the Committee on Ways and Means of the House of Representatives, and (D) the Committee on Finance of the Senate. (2) Secretary The term Secretary means the Secretary of the Treasury (or the Secretary’s delegate). 5. Findings Congress finds the following: (1) Advances in technology have led to the creation of digital assets and blockchain technology that will improve the United States financial system and create a more fair and equitable structure for everyday Americans. (2) The reporting requirements under current law require digital asset market participants to adhere to standards that are incompatible with this technology’s operation. This will hinder the development of digital assets and its underlying technology in the United States, shifting its development outside the United States. (3) The Chinese Government’s recent ban of cryptocurrency transactions provides the United States an opening to further enhance its role as the leading nation in the development of innovative blockchain technologies. Providing clear rules for both consumers and developers of digital assets is essential to taking advantage of this opportunity. (4) Miners and validators, hardware and software developers, and protocol developers are not actual brokers and do not collect or have reason to collect the information required under the Infrastructure Investment and Jobs Act. (5) It is not in the interest of American taxpayers for Congress to create uncertainty. (6) Consistent and accurate reporting on digital asset transactions is necessary. Congress must work to bring legal and regulatory certainty to the digital asset