Pro-Bitcoin Senator Lummis to Propose New Crypto Regulator - Aliens: AI Crypto News & Markets Updates
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Pro-Bitcoin Senator Lummis to Propose New Crypto Regulator

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Decrypt

Fri, Dec 24, 2021

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Sen. Lummis plans to introduce new crypto legislation, per a Bloomberg report.

Senator Cynthia Lummis (R-WY), a member of the Senate Banking Committee and one of only two sitting senators to hold Bitcoin in her portfolio, plans to introduce a bill that would drastically alter the legislative and regulatory landscape for crypto, according to a report today from Bloomberg .

Sen. Lummis, a staunch Bitcoin advocate, told Decrypt last week: "I’m optimistic that we’ll eventually reach an agreement on a legal framework for digital assets that resolves many of the longstanding issues, including regulatory jurisdiction, market integrity, self-regulatory organizations and stablecoins." Crypto regulations are at a crossroads, with the industry, Congress, and regulators all saying the industry needs to be regulated but not one quite agreeing on how or by whom.

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