It turns out that some US Senators can work across the aisle to address crypto regulation.
working with Senator Cynthia Lummis on a broad-based regulatory framework for the crypto industry on Thursday during a live event in Washington, D.C.
As Gillibrand specified, she and Lummis are undertaking “a very complex and intensive review” of different aspects of the industry, with a future regulatory task-sharing in mind. The framework will see both the Commodity Futures Trading Commission and Securities and Exchange Commission get their share of a regulatory mandate.“Many of the goals that Sen.
The symbolic importance of the Lummis-Gillibrand initiative is hard to overstate. In recent months, digital assets have been increasingly politicized, with some observers fearing that it could eventually become a divisive partisan issue.Senator Lummis gained a reputation as a staunch advocate of financial innovation, while Senator Gillibrand has largely refrained from articulating her stances on digital currencies until recently.
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